News Column

Spanish Unemployment Rises 2.7 Percent in January

Feb 4, 2013

The number of registered job seekers in recession-hit Spain went up by 2.7 per cent to 4.98 million in January, government figures showed Monday.

Spain has an unemployment rate of 26 per cent.

The rise in January followed a decline in December, which was attributed to an increase in purchases and use of services during the Christmas season.

Since January 2012, the number of registered job seekers has gone up by 8.3 per cent.

Nearly 6 million are without jobs in Spain, according to the National Statistics Institute. The International Monetary Fund expects gross domestic product to shrink by 1.5 per cent this year.

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Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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