WebSify
Follow us on
Mail
Print

Spain's registered jobless up 128,000 in October

Source : AP
Last Updated: Mon, Nov 05, 2012 08:30 hrs

The Labor Ministry says the number of people registered as unemployed in Spain jumped by 128,242 people in October as the country's recession continues to take its toll.

The ministry said in a statement Monday that a little over 4.83 million were registered as jobless at the end of last month, an increase of 2.7 percent on September.

The nation's unemployment rate is released separately and quarterly. It stood at 25 percent at the end of the third quarter. The jobless rate is 52 percent for those under 25.

Spain, the fourth largest economy among the 17 countries that use the euro, is in its second recession in three years.




blog comments powered by Disqus
most popular on facebook
talking point on sify finance