Friday, October 28, 2011

Times are tough

The number of unemployed persons in Alicante province rose to 212,400 in the third quarter of 2011, an increase of 2,800 over the last quarter. The unemployment rate for the province now stands at a staggering 23.8%.

In the Valencia region, there were 26,100 more people unemployed in the third quarter bringing the jobless total to 617,300 representing a rate of 24.73% of the workforce.

For Spain as a whole, 144,700 more were made jobless during the quarter bringing the overall rate for the country to 21.52% and the total to 4,978,300 (403,600 more than last year at this time) - 1,425,200 homes in Spain have no income at all.

Twelve month ago people were saying that things just could not get worse but they have. All hopes are now pinned on the results of the general election bringing some improvement for the country. Let us hope that we are now at the bottom of the trough otherwise Spain could end up like Greece.

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