END TIME NEWS, A CALL FOR REPENTANCE, YESHUA THE ONLY WAY TO HEAVEN


Join the forum, it's quick and easy

END TIME NEWS, A CALL FOR REPENTANCE, YESHUA THE ONLY WAY TO HEAVEN
END TIME NEWS, A CALL FOR REPENTANCE, YESHUA THE ONLY WAY TO HEAVEN
Would you like to react to this message? Create an account in a few clicks or log in to continue.
TODAY IS
Latest topics
» PLEASE ACCESS THE LINK TO ALL INFORMATION
APRIL JOBLESS FIGURE MAKES GRIM READING FOR SPAIN'S UNEMPLOYED EmptySun 29 Aug 2021, 22:15 by Jude

THE OLIVE BRANCH | GOD IS MY SALVATION
LIVE TRAFFIC FEED

WEATHER FORECAST
ScreenSaver Forecast by NWS
WEATHER FORECAST
ScreenSaver Forecast by yr.no

APRIL JOBLESS FIGURE MAKES GRIM READING FOR SPAIN'S UNEMPLOYED

Go down

APRIL JOBLESS FIGURE MAKES GRIM READING FOR SPAIN'S UNEMPLOYED Empty APRIL JOBLESS FIGURE MAKES GRIM READING FOR SPAIN'S UNEMPLOYED

Post  Guest Tue 07 May 2013, 11:15

April jobless figures make grim reading for Spain's unemployed

Published May 06, 2013

Reuters

2013-05-06T083131Z_1_CBRE9450NOM00_3_SPAIN-JOBLESS.JPG
Copyright Reuters 2013

MADRID – Almost 5 million Spaniards were registered as unemployed in April, data showed, as their prospects of finding work in the country with the European Union's second highest jobless rate deteriorated further.

The number of registered jobless fell by 0.91 percent, or 46,050 people. But those gains were mainly down to restaurants and hotels gearing up for the holiday season, and in seasonally adjusted terms the number rose by 17,663 from March, Monday's labor ministry data showed.

"The figure shows the continued weakness of the labor market and of the Spanish economy. It's not compatible with the (government's forecast) of a stronger economy in the second quarter of the year," Jose Luis Martinez, a strategist at Citi in Madrid, said.

Last month's quarterly National Statistics Institute survey, which polls registered and non-registered unemployed, showed that 27 percent, or 6.2 million people, were out of work in the first quarter.

Spain's jobless rate - the second highest in the EU behind Greece - has risen every quarter since mid-2011 as the economy struggles to exit its second recession since the end of 2009.

April's figures show the biggest falls in registered unemployed were in the services sector and in construction, from which millions have already lost their jobs after the bubble burst in 2008.

But a survey showed on Monday that Spain's services sector shrank in April at its fastest rate this year, with employment conditions worsening every month since March 2008.

The labor ministry figures also do not include the long-term unemployed who no longer register as out of work. Almost two million people have been out of work for more than two years, according to official data.

The government expects the unemployment rate to remain above 24 percent until 2016.

(Reporting By Clare Kane and Manuel Maria Ruiz; Writing by Paul Day; Editing by John Stonestreet)

Read more: http://www.foxbusiness.com/news/2013/05/06/april-jobless-figures-make-grim-reading-for-spain-unemployed/#ixzz2SdEI6CXe
APRIL JOBLESS FIGURE MAKES GRIM READING FOR SPAIN'S UNEMPLOYED #ixzz2SdEI6CXe

Guest
Guest


Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum