Jobs pain in Spain worsens

Now Reading:

Jobs pain in Spain worsens

Text size Aa Aa

Spain’s jobless rate rose by 4.01 percent in January from December taking the total number of people filing for unemployment benefits to 4.6 million.

That puts the rate at 22.9 percent of the workforce , the highest in the eurozone.

The new government is set to announce major labor reforms next week with more flexible rules on hiring and firing. It was elected last November pledging to create jobs.

Unemployment rose across the board, particularly in the services sector, but also including agriculture, industry and construction.