Will the Spanish Unemployment Rate surpass 25 % at least in one month during 2012 ?
Settled on 08/31/2012 15:32 by Josef Biesenberger
settled question on option 'Yes'.
See unemployment rates in selected European countries:
Unemployment across the 17 countries that use the euro stayed at 11 per cent in April — the highest level since the single currency was introduced back in 1999, piling further pressure on the region's leaders to switch from austerity to focus on stimulating growth.
The eurozone's stagnant economy left 17.4 million people — out of an active population of around 158 million people — without a job. Unemployment rates are also continuing to climb in struggling Spain, Portugal and Greece. The EU's Eurostat office said 110,000 unemployed were added in April alone. In the U.S. the unemployment rate stands at 8.2 per cent for May.
Menawhile, in recession-hit Spain, unemployment spiked to 24.3 per cent, the worst rate in the EU. It was up 0.2 points since March, and 3.6 percentage points compared to last year. Youth unemployment ballooned to a 51.5 per cent, up from 45 per cent last year.
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