Belfast Telegraph

Spanish jobless figures rise perilously close to 5m

The number of people registered as unemployed in Spain is bordering on five million as the country remains mired in recession.

Labour Ministry figures showed the registered jobless figure surged by 132,055 in January to 4.98m.

Spain is struggling to emerge from its second recession in just over three years with its economy badly battered by the collapse of the once-key real estate sector.

The country's unemployment rate was at 26% at the end of the fourth quarter, up 1% from the previous three-month period.

Belfast Telegraph

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