Spanish Unemployment Hits Record Level In Oct

Things are not looking that good for Spain as the figures will show. As a matter of fact things are not looking that good for most countries!

For now however here is the link to the article on Spain unemployment:

2nd UPDATE: Spanish Unemployment Hits Record Level In Oct

Tue, Nov 4 2008, 11:57 GMT
By Jonathan House
Of DOW JONES NEWSWIRES

MADRID (Dow Jones)–The number of unemployed people in Spain rose to its highest level on record in October as woes spread from the construction sector throughout the economy.

More than 190,000 out-of-work job seekers filed new claims with the state employment agency in October, boosting the total 7.3% on the month and 38% on the year, data from the Spanish Labor Ministry showed Tuesday.

Over 2.8 million unemployed people are now registered with the employment agency, the highest number in a government data series dating back to 1997.

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