Unemployment hits a record high in Spain
Thursday 24 January 2013
Spain's woes have reached a new peak as the beleaguered nation's austerity programme drove unemployment to a record 26 per cent, official figures showed.
The latest blow for the eurozone struggler left almost six million people out of work in the quarter to December after 691,700 more people lost their jobs in the past year.
Youth unemployment has hit a record 55 per cent and there are now 1.8 million households in which nobody has a job.
Economic powerhouse Germany provided better news elsewhere in the eurozone, fuelling hopes the single currency bloc could pull out of its double-dip recession early this year.The country's private sector saw its strongest growth for a year as services firms roared ahead and manufacturers returned to growth, according to the financial data provider Markit's latest health check.
The upbeat performance contrasts with France, which saw the worst month for the private sector since March 2009.
Across the eurozone overall, the slowest rate of contraction for 10 months fostered hopes that it reached the trough of its present downturn last autumn.
Markit's chief economist, Chris Williamson, said: "A return to growth looks to be on the cards during the first half of 2013."
International Women's Day 2014: The shocking statistics that show why it is still so important
Malaysia Airlines: Search for true identity of passengers with stolen passports launched as terrorism concern grows
Teacher shows sex tape featuring herself to pupils during class by mistake
International Women’s Day: 'When a man gives his opinion, he's a man. When a woman gives her opinion, she's a bitch' - feminist quotes from female icons to inspire you
Dead woman's body found sitting in a car after six years after direct debits ran $54,000 bank account dry
Britain's top vet sparks controversy with call for ban on slashing animals' throats in 'ritual' slaughters for halal and kosher meat products
Ukraine crisis: Russia dismisses '3am ultimatum' as 'total nonsense'
If you're horrified by a flame-roasted dog, you should be shocked at a hog roast
Poor 'live like animals' says Boris's privately educated sister after going on 'poverty safari'
White people become less racist just by moving to more diverse areas, study finds
Exclusive: Impact of immigrants on British workers ‘negligible’
- 1 International Women's Day 2014: The shocking statistics that show why it is still so important
- 2 Orgasm machine to deliver climax at the push of a button
- 3 Dear 'The Sun', breast cancer isn't sexy
- 4 Teacher shows sex tape featuring herself to pupils during class by mistake
- 5 Singapore sting: Sky-high prices are pushing locals to the edge of affordability
iJobs Money & Business
£12000 per annum: Inspiring Interns: The company works with Tier 1 FTSE 100 Ba...
£32000 - £36000 per annum + generous benefits: Pro-Recruitment Group: * TAX * ...
£37000 - £40000 per annum + £20000 benefits package: Pro-Recruitment Group: **...
£30000 - £35000 per annum + generous benefits: Pro-Recruitment Group: Mixed Ta...