It’s official – one out of every four Spaniards of working age is now unemployed. Basically, that’s the highest level of any country in the developed world. In the last quarter, 96,000 jobs were destroyed, leaving just 17.320.300 people in employment. And three out of every four people who lost their jobs did so in Andalucía, as the unemployment level in the region approaches 1,5 million people (we’ve only got 8 million people, for God’s Continue reading
The government has come up with a cunning plan to get those unemployed slackers off their sofas and back to work: They’re going to conscript them into wildfire recovery teams. El Gobierno tira de los parados para luchar contra el fuego publico.es/441943 — Publico.es (@publico_es) September 7, 2012 Since we don’t have any industry, any work or any futures, the government thinks the huge swath (hovering about 40% in Almeria) of unemployed may as well Continue reading
Spains unemployment has soared to record levels this summer, despite the fact that summer is traditionally the period where, what with beach bars, hotels and whatnot, unemployment drops due to temporary summer work contracts. A further 53.500 people lost their jobs last month to June, about 1% of the total, bringing the total number of unemployed up to 5.693.100 across the nation at the beginning of this month, or 24.63% of the active workforce. 53.28% Continue reading
De Guindos, the economy minister, has announced that Madrid will have to sign a check for 12,000,000,000€ to save Bankia, the failed bank that went titsup last week, instead of the original 4,5 billion euros expected. (El Mundo) Interestingly enough, that’s almost as much as Madrid slashed off the health and education budgets (14 billion) in an attempt to make savings and stop the country running out of cash. Bankia has an exposure of some Continue reading
Title says it all, really. There are now 5,6 million unemployed people in Spain, out of which 1,329,600 are Andalucian – or 33.17%. To put it another way, if you put three Andalucians in a row, one of them won’t have a job. Across Spain, there are an estimated 1.728.400 households in which not one member draws a salary. In the first three months of the year, 365,900 people lost their jobs. Meanwhile, the Unicaja Continue reading
Ooh dear, more gloom and doom from the State. The ministry of Work reckons a further 630,000 jobs will disappear this year, bringing the total unemployment of Spain up to around 25%, or to put it another way, for every three people working, one isn’t. Or, to put it a third way, a tad under six million people will be searching for jobs. Currently, in Feb there were 5,27 million people unemployed. So, 46 million Continue reading
Spain’s unemployment rate has jumped to nearly 24pc in the fourth quarter, Finance Minister Cristobal Montoro said on Thursday, confirming that the country is still in the throes of a long and painful economic crisis. Mr Montoro told a parliamentary commission on Thursday that official figures due out Friday will show 5.4m people were out of work at the end of December, up from 4.9m in the third quarter, when the jobless rate was 21.5pc. Continue reading
Wow. 5,3 million unemployed in Spain at the end of 2011, is the guess of President Rajoy. He made the comment this evening at a hearing in Congress, saying that although he had still not received the final data from the Stats people, he expected the unemployment rate for the end of 2011 to be “around” 5,3 million people. Out of a working population of around 23 million people, that means for every 4,6 workers, Continue reading
The latest figures from the social services office show that an additional 134.182 people signed onto the dole in October across Spain. The total number of people drawing the dole is now, officially, 4.360.926. That’s just about the population of Eire, if anyone if keeping count (4.481.430). The figures come a month after the official population survey showed that just under 5 million people were unemployed in Spain – that’s supposed to be people drawing Continue reading
According to INEM – the government work people- after four months of slow job creation, unemployment figures in August suddenly jumped by 61,083, or 1,5% of the total, almost wiping out the job creations of the last four months. Unemployment in Spain – ie, people who are registered as looking for work or on the dole – now stands at 3,969,661, a tad under the magic four million mark. Breaking down the figures, we see Continue reading