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Unemployment up again
03-09-2010The rise has been blamed on the end of summer and temporary jobs
Unemployment figures in Spain rose by 61,083 in August, the first increase in four months according to a report released yesterday.
The 61,083 new unemployed marks a 1.56 per cent increase and brings the total number of unemployed in Spain to 3,969,661. The rise has been a dent in the positive four-month trend of falling unemployment that began in April after eight months of explosive unemployment growth.
The Labour Ministry does not calculate a rate of unemployment but figures from the National Institute of Statistics show Spanish unemployment at 20.09%, the highest rate of unemployment in the euro area.
Finance Minister Elena Salgado told Cadena Ser radio station that the trend is “normal” given that towards the end of summer unemployment figures increase due to temporary workers in the tourism industry seeing their contracts run out and no new jobs available.
By: Giles Brown
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