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Spain — Unemployment highest in 14 years

06 April 2010

According to the latest statistics published today by the government's Employment Service (SEPE), unemployment in March 2010 has increased by +0.87% or +35,988 individuals to 4,166,613 compared to the previous month. Compared to March 2009, unemployment was up by +15.5% or +561,211 individuals, the highest level since 1996.

In the troubled construction sector, unemployment was slightly down by -0.1% for the first time in six months. Compared to the previous month, unemployment was up by +0.4% in the services sector, up by +6.2% in agriculture and up by +0.5% in industry.

Youth unemployment (under 25 year olds) was up +1.7% or 8,357 individuals compared to the previous month.

Deputy Prime Minister Maria Teresa Fernandez de la Vega commented, "the unemployment figures published today are not good but they are the best in three months. If the current trend continues we will see a slight growth in employment by the end of the year.

Spain's unemployment rate, reported on a quarterly basis by the National Statistics Institute, rose to 18.3 percent in the last three months of 2009 and will rise to 19 percent this year, according to government forecasts.

To read the full statistics in Spanish language please click here



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