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Spain – Families hit hard by recession

30 November 2012

Spanish families have been hit hard by the recession and the number of families in the country  whose members are all without a job has reached a record of 1.74 million or 13.4% in the third quarter, new data by the Association of Large Temporary Employment Agencies (Agett) shows.

The research shows that since the start of the economic crisis in the third quarter of 2007 to the corresponding period this year, over 1.36 families have lost all their job income. Taking into account the number of families where half of employable members are jobless, this figure then adds up to 3.89 million.

Nearly four million people have lost their jobs in the last five years in the country. Spain posted the highest jobless rate in the EU last month with 26.2% being out of work in October.  

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