Monday, 6 May 2013

Reuters: April jobless figures make grim reading for Spain's unemployed

According to Fox Business the employment situation in Spain worsened yet again in April (my bold),
Almost 5 million Spaniards were registered as unemployed in April, data showed, as their prospects of finding work in the country with the European Union's second highest jobless rate deteriorated further.
The number of registered jobless fell by 0.91 percent, or 46,050 people. But those gains were mainly down to restaurants and hotels gearing up for the holiday season, and in seasonally adjusted terms the number rose by 17,663 from March, Monday's labor ministry data showed.
"The figure shows the continued weakness of the labor market and of the Spanish economy. It's not compatible with the (government's forecast) of a stronger economy in the second quarter of the year," Jose Luis Martinez, a strategist at Citi in Madrid, said.
Read the rest here.

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