Friday, January 25, 2013

Spain's unemployment rate reaches record high

Spain's unemployment rate has surged to a modern-day record of 26.02 percent in the final quarter of 2012 as nearly six million people searched in vain for work in a biting recession, official data shows. The jobless rate data released on Thursday climbed from 25.02 percent the previous quarter, reaching the highest level since Spain returned to democracy after the death of General Francisco Franco in 1975. Al Jazeera's Shamim Chowdhury reports.

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