Spain's Jobless Just Short Of 5 Million In January
MADRID (AP) â¿¿ The number of people registered as unemployed in Spain is bordering on 5 million as the country remains mired in recession.
Labor Ministry figures released Monday showed the registered jobless figure surged by 132,055 in January to 4.98 million.
Spain is struggling to emerge from its second recession in just over three years with its economy battered by the collapse of the once-key real estate sector.
The country's unemployment rate was at 26 percent at the end of the fourth quarter, up 1 percent from the previous three-month period.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV