Thursday, January 24, 2013

The graph says it all


The graph shows the growth of unemployment in Spain with its seasonal dips. The trend though has been generally upwards since 2008. The question is, where and when will it end. Historically we know that there is a cycle of such events and that eventually Spain and other countries in the same situation will recover. Let us hope that the recovery is sooner rather than later.

NB What the graph does not show is that youth unemployment stands at 55.13% and that there are 1.8 million homes with nobody in work. 

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