Arab Today, arab today spanish unemployed now exceeds 5 million as recession bites
Last Updated : GMT 07:32:33
Arab Today, arab today
Arab Today, arab today

National rate of 26.02%, worst since Franco’s rule

Spanish unemployed now exceeds 5 million as recession bites

Arab Today, arab today

Arab Today, arab today Spanish unemployed now exceeds 5 million as recession bites

PM Rajoy’s conservative government has failed to pull Spain out of crisis
Madrid – Arabstoday

PM Rajoy’s conservative government has failed to pull Spain out of crisis Madrid – Arabstoday Registered unemployment in Spain surpassed five million in February, Labour Ministry data released on Monday has showed, as the euro zone\'s fourth-largest economy contracted and the government imposed steep spending cuts, AFP has reported.  The number of people registering for unemployment benefits rose 59,444 or 1.19 percent, over last month to 5,040,222 as companies in all areas of the economy continued to lay off staff, the Ministry said in a statement.
The overall unemployment rate is released separately and quarterly. It stood at 26.02 percent in the fourth quarter -- the highest level since the re-birth of Spanish democracy after the death of General Francisco Franco in 1975.
Spain is experiencing a double-dip recession, having never recovered from the collapse of a property boom in 2008.
Prime Minister Mariano Rajoy\'s conservative government has put in place steep spending cuts and tax rises, aimed at saving €150bn ($194bn) between 2012 and 2014, which have prompted mass street protests.
It predicts an economic contraction of 0.5 percent in 2013 followed by an expansion of 1.2 percent in 2014, a more optimistic forecast than those of most analysts and international organisations.
The number of registered jobless in the dominant service sector rose by 39,788, in industry by 1,581, agriculture by 4,882 and construction 1,377.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spanish unemployed now exceeds 5 million as recession bites Arab Today, arab today spanish unemployed now exceeds 5 million as recession bites

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spanish unemployed now exceeds 5 million as recession bites Arab Today, arab today spanish unemployed now exceeds 5 million as recession bites

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday