Spain jobless rate climbs further

Now Reading:

Spain jobless rate climbs further

Text size Aa Aa

Spain’s unemployment rate continues to worsen, after recently hitting a record 25 percent.

The latest Labour ministry figures show more than 128,000 people lost their jobs in October, leaving 4.8 million jobless.

As well as losses in the country’s key tourism sector, agriculture and other blue collar industries also saw large numbers of layoffs.

The grim figures will add to the pressure on Spanish Prime Minister Mariano Rajoy to bring forward a call for an EU bailout.

He’s been putting off an aid request as Madrid would need to agree to similar international supervision that Greece is having to endure.

Public anger in Spain has turned violent in recent weeks as deep budget cuts continue to depress living standards.