Unemployment in Spain Rises

It was announced that Spain’s unemployment increased to 17.4 percent in the first quarter of 2009. This percentage is twice the EU average for other European countries. The cause of such a high unemployment number is directly related to the current world recession we are in. Spain is now seeing about 4 million unemployed individuals, which is higher than Germany. This is the largest unemployment that Spain has seen. In 1976, when the National Statistics Institute began to record numbers they saw 13.9 percent unemployment. It has not been that high until now.

For those struggling with unemployment there is an answer. Trabajo Santander is a job website providing a listing of any job available in Spain as well as advice regarding employment. To stay ahead of the economic crisis it is important to find a position in whatever is available. Even though consumer prices are finally beginning to decline this is not stopping the problems families are experiencing. The recession is getting deeper, even with credit interest rate cuts. Experts in London believe that Spain may see 20 percent unemployment before it is over. The housing market is still in distress, which also leads to the high unemployment rates.