Spain’s unemployment rate rises 24% in Q2
28 July 2012 3:46 PM IST
Spain’s unemployment rate rose in the second quarter to 24.63 pe cent and a huge 53 per cent among the young, despite the start of the tourist season, official figures showed on Friday.
The increase in the overall jobless numbers was smaller than in the first quarter, with the number of eligible people out of work rising to nearly 5.7 million people.
Between April and June, 53,500 people lost their jobs, compared with 365,900 in the first quarter, the national statistics office said.
The unemployment rate rose from 24.4 percent recorded in the first quarter – already the highest in the industrial world – as Spain entered its third straight quarter of economic contraction.
Among those aged 16 to 24, the rate rose to a huge 53.27 per cent from 52.01 per cent the previous quarter, reflecting the ongoing impact of Spain's double-dip recession following the collapse of a construction boom in 2008.
The number of households in which all eligible members are unemployed rose by 9,300, reaching more than 1.73 million overall.
The increase in the overall jobless numbers was smaller than in the first quarter, with the number of eligible people out of work rising to nearly 5.7 million people.
Between April and June, 53,500 people lost their jobs, compared with 365,900 in the first quarter, the national statistics office said.
The unemployment rate rose from 24.4 percent recorded in the first quarter – already the highest in the industrial world – as Spain entered its third straight quarter of economic contraction.
Among those aged 16 to 24, the rate rose to a huge 53.27 per cent from 52.01 per cent the previous quarter, reflecting the ongoing impact of Spain's double-dip recession following the collapse of a construction boom in 2008.
The number of households in which all eligible members are unemployed rose by 9,300, reaching more than 1.73 million overall.
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