Over 4.5 mn jobless in Spain

October 30th, 2010 - 1:24 pm ICT by IANS  

Madrid, Oct 30 (IANS/EFE) Spain has over 4.5 million unemployed people, said a survey that attributed joblessness to the collapse of the country’s real-estate sector during the recession.

According to a survey released by the National Statistics Institute, a total of 4.57 million people were unemployed between July and September and the jobless rate was 19.79 percent.

The number of employed people, meanwhile, climbed to 18.55 million.

According to the survey, the number of households in which all members are without work fell by 15,900, to 1.29 million.

However, compared with the third quarter of 2009, the number of completely jobless households was up by 13.71 percent.

The collapse of the real-estate sector contributed to this unemployment rate that remains the highest in Europe, with the immigrant population especially hit hard by the country’s economic woes.

–IANS/EFE
pm/rd

Related Stories

Tags: , , , , , , , , , , , , , , , ,

Posted in Business |

Subscribe