Skip to comments.Spain unemployment hits new high of 24.6%
Posted on 07/27/2012 5:26:22 AM PDT by moonshot925
Some 5.7 million Spaniards, equivalent to almost one in four, are now seeking work, according to official figures.
The country's unemployment rate rose to 24.6% during the April to June quarter, up from 24.4% during the previous quarter.
Separately, Spain's third largest bank reported an 80% fall in net profits.
CaixaBank said net profits fell to 166m euros ($203m; £129m) during the January to June period.
CaixaBank also set aside 2.7bn euros against its property assets, in accordance with reform requirements stipulated by the government in May.
On Thursday, Spain's biggest bank, Santander, reported that its profits halved during the period.
(Excerpt) Read more at bbc.co.uk ...
If I was unemployed ... and it didn’t look that good for my financial future ... and I found mysdelf connected to the (re)election of a corrupt enough entity that I might make out very, very well ....
Our real unemployment rate is around 16% if you count all those people who are not being counted by the Obama Administration.
They need to do what this administration does. Just stop counting them and say they stopped looking for work!
BTW, I would LOVE to see the BLS tabulate the current unemployment the same way as it was done in 1933!
Getting close to a bank failure...
don’t worry, their 75% tax rate will fix it
Where is el Cid?