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Spain
April
25th.
Unemployment
smashes through four million in Spain.
The
number from the survey of the active population, EPA, for the first quarter
of the year, has come in worst than expected and is the highest ever recorded
in Spain. 802,800 people joined the dole queue over the period, which amounts
to 8,911 people losing their job every day. It takes the unemployment
rate to 17.3%, its highest level for the last 11 years. There are 4,010,700
now unemployed.
The
number of Spanish families where all the members are out of work is now
over a million. Minister for Tax and the Economy, Elena Salgado, admitted
that the numbers are worse than expected, and noted that with 800,000 joining
the dole queues you could not say, (as the employers have been), that sacking
is expensive. Government and Unions have both rejected the idea from the
employers CEOE, who wanted to see compensation for loss of employment reduced
to eight days pay for each year worked. |
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