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HomeSpanish Unemployment Hits 24.4% !!!
Posted by Larry Doyle on April 27th, 2012 11:26 AM |
Think Spain is speeding on its way over the proverbial cliff? Let’s emphasize the “speeding”.
Continuing on our focus today of issues within the EU, Spain — merely the 9th largest economy in the world — announced today that its unemployment rate hit 24.4%. For purposes of context, that rate stood at a relatively mild 7.9% in 2007.
OUCH…24.4% unemployment is a whole lot of pain!!! (more…)
