RE: Spain unemployment hits record high (27.2%)
I am interested to know how they measure “unemployment”. Like we do here, Do they NOT COUNT those who have given up job search altogether, or do they include these in the 27.2%?
If America had included those who have given up job search, the unemployment rate would be close to 16%.
What does Spain do in her labor survey?
“What does Spain do in her labor survey?”
I’ve no clue. I have friend whose family lives there and he says it’s tough going.