Search for  in 
spain jobs
backprinttell a friend

Unemployment reaches record 4.75 million
ThinkSpain , Tuesday, April 3, 2012

Spain's unemployment rate rose for the eighth month in a row in March, reaching a record 4.75 million, equating to 23.6% of the population according to figures released on Monday.

The situation is even worse for young Spaniards, with youth unemployment running at almost 50%.

The government hopes that the rescent labour reform bill will help ease the problem. The new measures, that angered unions and sparked last Thursday's general strike, include reducing severance pay and restricting inflation-linked salary increases.

But deputy Prime Minister Soraya Sáenz de Santamaría said on Friday the nation was in an "extreme situation" and extreme measures were needed.  "This is a moment that demands serious efforts to reduce spending but also structural reforms to make the economy grow and create jobs," she said.

Spain has the highest unemployment rate in the European Union and it is expected to rise further this year, as the government makes deep cuts in public spending.  On Friday the government announced cuts of 27bn euros in its 2012 budget, with departmental budgets being reduced by almost 17%.

Print Share Article RSS News Feed
print tell a friend stumble it!  delicious  digg it!  facebook   rss feed View feed | Add to my RSS reader rss feed

Latest ThinkSpain News
Missing Diana Quer's ex-boyfriend investigated over 'violent' threats and Facebook log-ins add to mystery
Crime/Incidents - (26/10/2016)
Rajoy accepts King Felipe's nomination and could be president again by the weekend
Politics & People - (26/10/2016)
Nationwide school strike and protest marches against 'stifling' education reform and double exam pressure
Education & Employment - (26/10/2016)
Latest Education & Employment articles
Nationwide school strike and protest marches against 'stifling' education reform and double exam pressure
Spain  - (26/10/2016)
Downpours force school closures across Canary Islands
Canary Islands  - (26/10/2016)
Inditex working to 'legalise' Syrian refugees' jobs in Turkish supplier months before BBC report
Spain  - (24/10/2016)
Follow thinkSPAIN on
Facebook Twitter
Spanish news archive Costa Blanca news Costa del Sol news Alicante news Castellon Valencia news Barcelona news Catalonia Costa Brava news Madrid news Tenerife news Canary Islands Malaga news Marbella news Andalucia news Sevilla news Costa Almeria news Murcia news Costa Calida Aragon news Asturias news Balearic news Mallorca Menorca news Ibiza Basque news Bilbao Cantabria news Castilla La Mancha news Castilla Leon news Extremadura news Galicia news La Rioja news Navarra news Spanish Travel Tourism news Spanish Property Spain directory services Spanish Jobs in Spain Postcodes Spanish weather Spain History Spanish Culture Flamenco dancers Sevillanas Bullfighting bullfight bull fighting matador bullfighter Spanish Education Spain Schools Facts about Spain Clubs in Spain mortgages Spanish bank Spain banking Spanish banks Spain inheritance Spanish wills Spanish healthcare in Spain Working in Spain work Spanish employment Driving Spain cars Spanish car Spain Tax & Spanish Residency Property in Spain for Sale Spanish property to rent Spain holiday lets Spain news Spanish Properties costa blanca weather costa del sol weather local news/info Spanish estate agents Off Plan property Spain | Costa Blanca property | Costa del Sol property | Costa de la Luz property | Costa Brava property | Costa Almería property | Costa Cálida property | Costa Valencia property | Costa Azahar property | Costa Dorada property | Costa Garraf property | Costa Maresme property | Costa Vasca property | Costa Verde property | Costa Tropical property | Rías Altas property | Rías Baja property
© 2003-2016 Think Web Content, S.L. - All rights reserved