Spanish unemployment rate falls - 0 views
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matias oteiza on 28 Aug 13In this nes article it talks about the great problem that Spain is facing in the recession regarding unemployment. They do mention that even though unemployment has dropped from 27.2% to 26.3%.through this we can see that maybe some figures with regard to unemployment could be seasonal as the unemployment figures dropped during strong tourist season. Neverhteless most of the people without jobs have been unemployed for over a year which means that a lot of this unemployment is cyclic, which we can see as spain is in the middle of a terrible recession. Even though the Spanish economy is starting to experience slight profit and growth, they do experience long term issues in regard to the high youth unemployment that is at 56%.