Spanish unemployment rate has hit record levels, with nearly one quarter of the labour force unable to find work and young people fearing the worst.

The unemployment rate rose in the second quarter to 24.63 per cent and a huge 53 per cent among the young, despite the start of the tourist season, official figures showed on Friday.

The increase in the overall jobless numbers was smaller than in the first quarter, with the number of eligible people out of work rising to nearly 5.7 million people.

Between April and June, 53,500 people lost their jobs, compared with 365,900 in the first quarter, the national statistics office said

 

In Portugal the unemployment go to up 1 million. We got 6.7 millions of jobless people in Iberia! 

 

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