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Tag Results for "Spain Unemployment"

Unemployment in Spain Hits 27%, Under 25 is 57%

Spain's unemployment rate hit 27.16 percent in the first quarter of this year, with the number of jobless people topping 6 million for the first time amid an economic downturn that started in 2008, the National Statistics Institute, or INE, said Thursday. More than 6.2 million people were jobless during the period, with 237,400 workers joining the ranks of the unemployed during the first three months of 2013, the INE said in its Labor Force Survey. continue reading »

Spanish CEO: Economy Will Emerge Healthier After Crisis

Spain will emerge from the current crisis with a much healthier economy, Spanish power giant Iberdrola's CEO, Jose Ignacio Sanchez Galan, said here Thursday during an event at Harvard University. continue reading »

More Than 5 Million Unemployed in Spain, a Record

Some 5.04 million people were registered as unemployed in Spain in February, marking the first time joblessness hit this level, the Employment and Social Security Ministry said Monday. continue reading »

Spain to Devote $4.67 Billion for Job Creation Over Next 4 Years

Spain will devote 3.5 billion euros ($4.67 billion) over the next four years toward efforts to expand economic opportunities for young people and encourage self-employment, the government said Thursday. continue reading »

Spanish Unemployment Rate Now Over 26%

Spain's unemployment rate hit 26.02 percent in 2012, with more than 5.9 million people jobless, the Spanish National Statistics Institute, or INE, said Thursday. A total of 187,300 people were added to jobless rolls in the fourth quarter of continue reading »

Spain’s Economy Contract 1.3%, Unemployment Hovers Around 26%

The Spanish economy contracted 1.3 percent in 2012, with the recession intensifying in the last quarter of the year and the gross domestic product falling 0.60 percent, compared to the previous quarter, while the unemployment rate neared 26 percent, the Bank of Spain said Wednesday. continue reading »

Prime Minister Rajoy: Spain Will Start to See a Recovery this Year

Prime Minister Mariano Rajoy said in an interview with the Financial Times that the economic recovery will be felt in Spain this year, when the reforms implemented by his government will start "to bear fruit." continue reading »

Unemployment Rate Tops 25 Percent in Spain

The ranks of Spain's unemployed climbed by 85,000 in the third quarter to more than 5.75 million, pushing the jobless rate to a record 25.02 percent, the National Statistics Institute, or INE, said Friday. continue reading »

Jobless Rate in Spain Climbs Above 24 Percent

The ranks of Spain's unemployed expanded by nearly 366,000 in the first quarter to a record 5.63 million, or 24.44 percent of the workforce, the government said Friday. continue reading »

Unemployment in Spain Reaches Record High

Spain ended 2011 with record high unemployment, according to data released Tuesday as the new conservative government of Prime Minister Mariano Rajoy studied additional austerity measures to reduce the budget deficit. continue reading »