Unemployment soars
Print Edition
SPAIN’S unemployment rate climbed to nearly 26 percent in the first quarter of 2014 as millions searched in vain for a job in a halting recovery from recession.
Despite emerging gingerly from a two-year downturn in mid-2013, the latest figures showed Spain still failing to significantly dent one of the highest unemployment rates in the industrialized world.
The unemployment rate climbed to 25.93 percent in the first three months of 2014, up from 25.73 percent in the previous quarter, the National Statistics Institute said.
It was not all bad news.
The unemployment queue shrank fractionally, by just 2,300 people to 5.93 million. But the jobless nevertheless made up a bigger share of the total workforce, which is shrinking as people leave the country or give up hope of finding work.
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