Tuesday March 31, 2020

Spanish unemployment hits highest point since Franco

Spanish unemployment has risen to the highest point in the country’s democratic history.

27th July, 2012
2
There is constant speculation that Spain will need a bailout.

Spanish unemployment has risen to the highest point in the country’s democratic history.

Unemployment, already the highest in the European Union, rose to 24.6 per cent in the second quarter from 24.4 per cent in the prior three months, the National Statistics Institute said in Madrid today.

That was the most since at least 1976, the year after dictator Francisco Franco died, prompting the transition to democracy.

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