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Spanish unemployment hits record 5.64 million
BBC News ^ | 04/27/12 | BBCStaff

Posted on 04/27/2012 7:46:52 AM PDT by AngelesCrestHighway

The number of unemployed people reached 5,639,500 at the end of March, with the unemployment rate hitting 24.4%, the national statistics agency said. The figures came hours after rating agency Standard & Poor's downgraded Spanish sovereign debt. Official figures due out on Monday are expected to confirm that Spain has fallen back into recession. Earlier this week, the Bank of Spain said the economy contracted by 0.4% in first three months of this year, after shrinking by 0.3% in the final quarter of last year.

(Excerpt) Read more at bbc.co.uk ...


TOPICS: Foreign Affairs; Miscellaneous; Unclassified
KEYWORDS: spaincrisis
"Official figures due out on Monday are expected to confirm that Spain has fallen back into recession....?"

Recession...with 24.4% unemployment?...Putting lipstick on a pig perhaps?...sounds like a depression to me!

1 posted on 04/27/2012 7:46:56 AM PDT by AngelesCrestHighway
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To: AngelesCrestHighway

It wasn’t the socialistic, nanny-state policies that did this. The right people weren’t running the show. It will work next time.


2 posted on 04/27/2012 7:48:37 AM PDT by Tulane
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To: AngelesCrestHighway

Wonder what the real US numbers are.


3 posted on 04/27/2012 7:48:41 AM PDT by bgill
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To: AngelesCrestHighway

i wonder if they figure the u/e rate like 0zero admin does.

I’d actually like to compare our rate to that of other countries after reconciling the rates.


4 posted on 04/27/2012 7:49:56 AM PDT by Principled
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To: bgill
I'm sure the books have been cooked here...
5 posted on 04/27/2012 7:51:03 AM PDT by AngelesCrestHighway
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To: AngelesCrestHighway

That’s would Obama socialism will do to the USA. And......the Spanish voters threw out the entire socialist party last election, and look what devastation they left for the country and the new political leaders. Shameful!!! Any American voter, and.....i mean “any”, American voter that votes for Barack Hussein Obama is voting to destroy America.


6 posted on 04/27/2012 7:51:49 AM PDT by JLAGRAYFOX (My only objective is defeat and destroy Obama & his Democrat Party, political ly!!!)
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To: Tulane

5 million unemployed? Amateurs. 5 million are unemployed in mexifo9rnia alone.


7 posted on 04/27/2012 7:54:53 AM PDT by max americana
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To: AngelesCrestHighway

"Miss me yet?"

8 posted on 04/27/2012 7:55:31 AM PDT by dfwgator (Don't wake up in a roadside ditch. Get rid of Romney.)
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To: bgill
I've heard the number 17% bandied about by some that I think are very in the know.

We are in a depression.

The stock market is an illusion, jmho. It's going to take one shock from the global markets and our stock market is going to fall apart like a house of cards. I don't want this...I just don't see how it can't happen. I live in reality...and that 13,000 number is not going to last for much longer.

I do think individual states may be pulling themselves up...but others, especially CA and Illinois are on the brink of ruin and massive social unrest. Guess that's how Barry's going to try to handle the election, as he sees the pink slip coming...get those race riots going. I'm rather scared for the country.

9 posted on 04/27/2012 7:55:53 AM PDT by Pigsley
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To: AngelesCrestHighway

Spain is like the Titanic, slowly sinking in an ocean of debt.

However the band is still playing, and the ones who haven’t got a boat, hoping that the hull will resist until (economic) daybreak.


10 posted on 04/27/2012 7:57:55 AM PDT by J Aguilar (Fiat Justitia et ruat coelum)
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To: max americana

5 million unemployed? Amateurs. 5 million are unemployed in mexifo9rnia alone.
_________

lol, amateurs indeed. Our lack of recovery 3.5 years in is, dare I say, “unprecedented.”


11 posted on 04/27/2012 7:57:55 AM PDT by Tulane
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To: J Aguilar

True! So glad I’m in the USA.


12 posted on 04/27/2012 8:00:24 AM PDT by MNDude
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To: AngelesCrestHighway

How that socialism working out for you? Can someone who’s an expert in Spanish history educate me on how the Spaniards are better off now than they were under Francisco Franco?


13 posted on 04/27/2012 8:08:51 AM PDT by ReformationFan
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To: AngelesCrestHighway

And ... The only we need around here is a few more hispanics


14 posted on 04/27/2012 8:09:13 AM PDT by californian by choice
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To: max americana

RE: 5 million unemployed? Amateurs. 5 million are unemployed in mexifo9rnia alone.

If true, then California is arguably WORSE than Spain.

Consider, Spain has a population of 46 million people. California has a population of just 38 Million.

5 million unemployed in California means the unemployment rate is HIGHER in California than in Spain.

As bad as California’s economy is, I still find this unbelievable.


15 posted on 04/27/2012 8:13:18 AM PDT by SeekAndFind
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To: SeekAndFind

The unemployment rate in California is 11%. The number of unemployed in California is 2,031,378.

http://www.deptofnumbers.com/unemployment/california/


16 posted on 04/27/2012 8:17:55 AM PDT by SoCal Pubbie
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To: SeekAndFind

That includes all the unemployed illegals up and down the state that are collecting state aid...This group makes it look worse.


17 posted on 04/27/2012 8:21:12 AM PDT by AngelesCrestHighway
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To: Pigsley

Texas is at 7.1% but then we haven’t been hit as hard as other states. I also don’t believe that’s a true number eiher what with so many who have run out of benefits and others who have given up. And if people do find a job it isn’t full time so the company doesn’t have to pay for benefits. Summer is coming up and teens aren’t getting their summer jobs because adults are taking the jobs or the funding just isn’t available. I know the state gov internships and summer jobs have all but dried up. Some state agencies are showing openings on their websites despite the fact that those positions haven’t been funded. This isn’t known by the general public and I suspect it won’t be because our Lt. Gov is out on the campaign trail for US Senate.

http://www.kwtx.com/news/local/headlines/Local_Texas_Jobless_Rates_Dropped_In_March_148292285.html


18 posted on 04/27/2012 8:29:19 AM PDT by bgill
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To: AngelesCrestHighway
Spanish unemployment hits record 5.64 million

Five and a half million?...that's nothing...Obama generates that many before breakfast!!

19 posted on 04/27/2012 8:38:48 AM PDT by GoldenPup (Comrade "O" has got to GO!!)
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To: Tulane
The right people weren’t running the show. It will work next time.

As soon as SAP comes out with that "Five-Year Plan Management" module...
20 posted on 04/27/2012 8:41:07 AM PDT by Buckeye McFrog
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To: AngelesCrestHighway

Looks like Spain is a great place to be FROM!


21 posted on 04/27/2012 8:51:08 AM PDT by Londo Molari
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To: Londo Molari

I remember a few years ago when they said it was a great place to retire...


22 posted on 04/27/2012 8:58:12 AM PDT by AngelesCrestHighway
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To: AngelesCrestHighway

I guess the Spanish just don’t know how to spin the numbers like our American socialist overlords.


23 posted on 04/27/2012 9:05:35 AM PDT by SampleMan (Feral Humans are the refuse of socialism.)
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To: AngelesCrestHighway

Wow......if you can get 5.64 million hits, you’d better be in the big leagues making some serious scratch.


24 posted on 04/27/2012 9:20:07 AM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: dfwgator

Viva Franco!

They had some tough economic times under him (the West isolated him until Cold War needs required we reach out to him), but they were certainly better off than now. Spain was Spanish under him, now it is inundated with foreign “guest workers” as the post-Christian Spaniards have stopped breeding.


25 posted on 04/27/2012 10:40:10 AM PDT by kearnyirish2
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To: kearnyirish2

From 1959 until his death, only Japan had higher economic growth than Spain....like Pinochet, Franco eventually listened to the free market economists, and instituted reforms.


26 posted on 04/27/2012 10:44:15 AM PDT by dfwgator (Don't wake up in a roadside ditch. Get rid of Romney.)
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To: ReformationFan

“Can someone who’s an expert in Spanish history educate me on how the Spaniards are better off now than they were under Francisco Franco?”

They aren’t, and they know it; their brief flirtation with socialism was caused by anti-war resentment, and it has taken quite a toll.


27 posted on 04/27/2012 10:47:31 AM PDT by kearnyirish2
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To: ReformationFan

Franco saved Spain. He also saved 200,000 Jews from the Gas Chambers during WWII....but the lefties who work overtime to besmirch his good name will never tell you that.


28 posted on 04/27/2012 10:52:32 AM PDT by dfwgator (Don't wake up in a roadside ditch. Get rid of Romney.)
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To: dfwgator

I have family that left in the early 1960s for financial reasons; it was difficult to make a living in the countryside. They supported his ideas, and do to this day, but farm life was tough (as it was in many countries - the parcels of land often shrink as each generation further divides up the family lands). They came from large families, and left their land in the hands of a few family members (who could prosper with them when combined with their own). They still own property there.

Franco knew the war had origins in the large disparity between the upper and lower class (the working class of the cities supported the socialists, anarchists, and communists, though the countryside supported the generals), and he ensured that there was more opportunity. He also was happy to let those who disagreed with him simply leave.


29 posted on 04/27/2012 11:01:50 AM PDT by kearnyirish2
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To: dfwgator

He was also our ally in the Cold War against the Soviets. He agreed to let Eisenhower put American military bases in Spain. How did he treat his dissidents? Did he kill them or did he allow them to leave Spain? Did he treat them any worse than the Soviet government treated their dissidents? I know of no “iron curtain” that prevented anti-Francoists from escaping to either Portugal or France.


30 posted on 04/27/2012 11:43:28 AM PDT by ReformationFan
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To: AngelesCrestHighway

Krugman, Maher etc want the US to be just like the EU.


31 posted on 04/27/2012 12:27:47 PM PDT by NoLibZone (I'm with Sarah Palin and Dick Cheney - Anybody but Obama, because I trust their judgment.)
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To: AngelesCrestHighway

A glimpse at our future.


32 posted on 04/27/2012 2:24:37 PM PDT by Colonel Robert Hogan (Once again fighting the National Socialists on the LEFT.)
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