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Saturday, 30 January 2010

Unemployment in Spain reaches 19.5%

The latest unemployment figures for December 2009 shows that Spain's unemployment figure reaches 19.5%, the second highest rate in the EU countries, behind Latvia at 22.8%.

This shows an increase for Spain of 4.7% above the December 2008 level. The current figures show little difference in the percentages for males (19.6%)or females (19.4%) in the national average. However when looking at the statistics for the under 25s there is the enormous figure of 44.5%, an increase of 13.75% from the December 2008 figure of 30.8%, an increase of nearly 45% in the year. The figure for the EU for the under 25's is 21.4%

Eurostat estimates that 23.012 million men and women in the EU, of whom 15.763 million were in the euro area, were unemployed in December 2009. The euro area seasonally-adjusted unemployment rate was 10.0% in December 2009, compared with 9.9% in November4. It was 8.2% in December 2008. The EU unemployment rate was 9.6% in December 2009, compared with 9.5% in November4. It was 7.6% in December 2008. For the euro area this is the highest rate since August 1998 and for the EU27 since the start of the series in January 2000.


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