10 Aug, 2012 @ 12:00
1 min read

Spain’s unemployment rate hits a record high

SPAIN’S unemployment figures have hit a record high.

The number of people unemployed in the recession-hit country rose to 24.6% in the second quarter, up 0.2% from the previous three months.

According to the National Statistics Institute 53,500 more people joined the ranks of the jobless between April and June, making for a total of 5.7 million people out of work.

It marks the highest rate in the eurozone and is worse than Spain’s previous record of 24.5% in 1994.

Meanwhile for those under 25 years of age, the unemployment rate now stands at 53%.

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