Thursday, January 26, 2012


Spain’s unemployment rate has jumped to nearly 24 percent in the fourth quarter, Finance Minister Cristobal Montoro said Thursday, confirming that the country is still in the throes of a long and painful economic crisis.

Montoro told a parliamentary commission Thursday that official figures due out Friday will show 5.4 million people were out of work at the end of December, up from 4.9 million in the third quarter, when the jobless rate was 21.5 percent.