Saturday, October 24, 2009

Spain's unemployment rate remained practically unchanged at an EU-high of 17.9 percent in the third quarter after rising for eight consecutive quarters. Officials warned the rate will probably rise again.
The number of jobless now stands at 4,123,300, the National Statistics Institute said.

That figure is down slightly from the second quarter, by 14,100, but this had a negligible impact on the unemployment rate because the workforce also decreased.