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Spanish Jobless Rate Climbs To 17.9% In Q2

SPAIN'S unemployment rate continued to rise in the second quarter, hitting 17.9 percent as companies slashed payrolls to cope with recession, according to government figures.

The National Statistics Institute said the number of unemployed people rose by 126,700 in the period to a total of 4.13 million.

The second quarter's rise in jobless was the lowest for a three-month period since the third quarter of 2007.

In the first quarter of this year, more than 800,000 jobs were lost, with the rate soaring by 3.45 percentage points to 17.4 percent compared to the end of last year.


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