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Spanish jobless claims ‘easing’



6 May 2009 1,492 views 2 Comments

Another 39,478 people registered as unemployed last month, compared with 123,543 who registered in March, Spain’s Labour Ministry said.
Economy Minister Elena Salgado said a government plan to award 400,000 local public work jobs was having an effect.

At 17.4%, Spain’s unemployment rate is the highest in the European Union (EU).

The average across the 27 EU countries is 8.3%.

April was the third straight month in which the rate of increase eased.

Figures for the month would have been kept down by the Easter holidays, when many hotels and restaurants take on extra temporary staff.

Spain’s economy has been been hit hard by the collapse of its construction industry in the global downturn.

The European Commission has forecast that the Spanish unemployment rate will rise to more than 20% next year.

It also says it will be the last EU member to come out of recession, probably some time in 2011 (Via BBC)

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2 Comments »

  • Spanish jobless claims 'easing' | AlmerimarLife said:

    [...] also says it will be the last EU member to come out of recession, probably some time in 2011 (Via Expat Life Spain) This entry was posted on Wednesday, May 6th, 2009 at 2:37 pm and is filed under [...]

  • vacuum sealer unlimited said:

    yikes, I didnt realize things were so tough over there. has crime increased with unemployment?

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