Spain – Job Crisis deepens as unemployment rate hits 25pc

Tens of thousands of jobs were lost between July and September raising the number of unemployed to 5.78 million people, Spain’s National Statistics Institute reported, a level unseen since the dictatorship of Francisco Franco ended in the mid-1970s.

The number of Spanish households in which every member is out of work climbed to 1.74 million, roughly one tenth of all Spanish families.

The rise in the number of jobless comes as Spain sinks deeper into recession, with output expected to decline for the third consecutive quarter…

via Spain jobs woes deepen as unemployment rate hits 25pc – Telegraph.