For the eighth month in a row, the number of people filing for unemployment benefits in Spain has risen.
The country’s Labour Ministry reported that 34,406 more people applied for jobless benefits last month, pushing the number of new claimants to a record 4.3 million.
In February Spain’s total jobless rate stood at 4.7 million people, about 20.5% of the population — more than twice the eurozone average. This number includes those not claiming benefits, and is released every three months separately from unemployment claims data.
Spain’s government has imposed tough austerity measures to reduce its debts, and does not expect the economy to start creating jobs until the end of the year at the earliest.
Youth unemployment is still a critical problem, with 12,830 lay-offs in March hitting people under 25 years old. According to European Union data, youth unemployment in Spain was 43.5% in February.
Source:Ã‚Â BBC News
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