Breaking News, World News and Taiwan News.

Spain unemployment rate pierces 25-percent barrier

MADRID -- Spain's jobless rate broke the 25-percent barrier in the third quarter, official data showed Friday, as austerity cuts squeezed the recession-squeezed economy.

Tens of thousands of jobs were destroyed in the quarter even as Prime Minister Mariano Rajoy's right-leaning government pondered whether to seek a eurozone rescue for the economy.

A painful combination of spending cuts and tax increases after more than a year of recession has prompted growing street protests and unions have called a general strike for Nov. 14.

The unemployment rate rose to 25.02 percent of workers, up from 24.63 percent in the previous months.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
WSJA
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search