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Spain's jobless rate hits highest for 15 years

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Spain's jobless rate hits highest for 15 years


Spain’s unemployment rate has hit its highest level for fifteen years, according to government figures published on Friday.

Joblessness stood at 21.5 per cent of the country’s working population for the period from the start of July to the end of September.

The last time that the rate climbed higher was in the last three months of 1996 when it hit 21.6 per cent.

The economic malaise of convinced voters to oust the Socialist government of the time and history may repeat itself in forthcoming elections.

The Socialists lost to the opposition centre-right People’s Party in 1996 and the conservatives are tipped to win again on November 20th amid anger over tough austerity measures.

Unions say the cuts are crippling domestic demand as the euro zone’s fourth-largest economy struggles to recover from its deepest recession in decades.

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