Spanish registered unemployment surpasses five million | Bangkok Post: news

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Spanish registered unemployment surpasses five million

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Registered unemployment in Spain surpassed five million in February, labour ministry data released Monday showed, as the euro zone's fourth-largest economy contracted and the government imposed steep spending cuts. 

People wait in a government employment office in Burgos on February 4, 2013. Registered unemployment in Spain surpassed five million in February, labour ministry data released showed, as the euro zone's fourth-largest economy contracted and the government imposed steep spending cuts.

The number of people registering for unemployment benefits rose 59,444 or 1.19 percent, over last month to 5,040,222 as companies in all areas of the economy continued to lay off staff, the ministry said in a statement.

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