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Spain's jobless rate surges to 20.33%
yahoo ^ | 1/30/11 | afp

Posted on 01/30/2011 12:02:39 PM PST by Nachum

MADRID (AFP) – Spain announced Friday its jobless rate surged to a 13-year record above 20 percent at the end of 2010, the highest level in the industrialized world, as the economy struggled for air.

It was more bad news for an economy fighting to regain the trust of financial markets and avoid being trapped in a debt quagmire that has engulfed Greece and Ireland and now menaces Portugal.

Another 121,900 people joined Spain's unemployment queues in the final quarter of the year, pushing the total to 4.697 million people, said the national statistics institute INE.

The resulting unemployment rate was 20.33 percent for the end of the year -- easily exceeding Prime Minister Jose Luis Rodriguez Zapatero's target of 19.4 percent.

Spain appears to be stuck in a rut of staggeringly high levels of unemployment.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: News/Current Events
KEYWORDS: clubmed; jobless; pigs; rate; socialists; spains; surges

1 posted on 01/30/2011 12:02:42 PM PST by Nachum
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To: Nachum

They’ve almost caught up with our REAL jobless rate.


2 posted on 01/30/2011 12:04:10 PM PST by The Sons of Liberty (Psalm 109:8 Let his days be few and let another take his office. - Mene, Mene, Tekel, Upharsin)
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To: Nachum

I’ve Never Been to Spain...


3 posted on 01/30/2011 12:09:15 PM PST by gov_bean_ counter (I am proclaiming 2011 as the year of ME!)
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To: gov_bean_ counter

They say the ladies are insane there.


4 posted on 01/30/2011 12:09:44 PM PST by dfwgator
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To: Nachum

What’s the green jobless rate? Spain was big on those. Dumbass socialist rules there same as over here


5 posted on 01/30/2011 12:10:48 PM PST by dennisw (- - - -He who does not economize will have to agonize - - - - - Confucius)
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To: Nachum

Communists took them over 4 years ago, they went full hog for Wind and Solar Power and “Green renewable” energy. They also spent like drunken fools and squandered their treasury in belief that you CAN spend your way into lasting prosperity because Social/economic justice (redistribution of wealth) is what generates Wealth and economic health!

Sound familiar?


6 posted on 01/30/2011 12:15:17 PM PST by PSYCHO-FREEP (Patriotic by Proxy! (Cause I'm a nutcase and it's someone Else's' fault!....))
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To: Nachum

See how well Socialism works? Free health care, long vacations, unending benefits from the State.

Paradise! Paradise I tell you!

(Well, for the few that have jobs anyway...)


7 posted on 01/30/2011 12:15:24 PM PST by freedumb2003 (The TOTUS-reader is a Judas Goat, leading the American sheeple to the slaugherhouse /Parmy)
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To: gov_bean_ counter

Stay away from the plains...it rains. BTW, I kinda like the Beatles.


8 posted on 01/30/2011 12:15:24 PM PST by JPG (Work for conservative change like your country depended on it.)
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To: Nachum

I guess their Socialist government failed to take concrete steps to bring about fundamental change.


9 posted on 01/30/2011 12:16:02 PM PST by omega4179 (Loughner-leftist oriented)
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To: All

Less Than $900 To Go!!
Just A Reminder
Please Don't Forget
To Donate To FR


10 posted on 01/30/2011 12:17:23 PM PST by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Nachum

Who could see this coming? Elect a socialist to run the country. Send billions down the solar rat hole. What could go wrong?


11 posted on 01/30/2011 12:18:01 PM PST by DaxtonBrown (HARRY: Money Mob & Influence (See my Expose on Reid on amazon.com written by me!))
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To: Nachum

Benny Bernanke and his Magical Mystery Bailout Machine to the rescue!


12 posted on 01/30/2011 12:18:24 PM PST by DTogo (High time to bring back the Sons of Liberty !!)
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To: omega4179

It’s a socialist world for does socialism by any other name print as many greenbacks?


13 posted on 01/30/2011 12:18:24 PM PST by Milhous (Lev 19:18 Love your neighbor as yourself.)
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To: The Sons of Liberty

14 posted on 01/30/2011 12:18:48 PM PST by FromLori (FromLori">)
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To: Nachum

Keep voting in Socialists!

Miss Presidente Aznar yet?


15 posted on 01/30/2011 12:19:22 PM PST by mylife (Opinions: $1.00 ~ Halfbaked: 50c)
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To: mylife

Aznar, the one who tried to pin the Madrid bombings on ETA, instead of the Islamo-Fascists?


16 posted on 01/30/2011 12:21:29 PM PST by dfwgator
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To: Nachum

It’s all those Green jobs, yessirree.


17 posted on 01/30/2011 12:24:50 PM PST by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: dfwgator

Wasnt that Zapatera?


18 posted on 01/30/2011 12:26:45 PM PST by mylife (Opinions: $1.00 ~ Halfbaked: 50c)
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To: mylife

Nope Aznar did it, and that went a long way towards his defeat.


19 posted on 01/30/2011 12:28:27 PM PST by dfwgator
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To: PSYCHO-FREEP
I seem to recall they spent a lot of money on high speed rail as well...
20 posted on 01/30/2011 12:28:45 PM PST by hinckley buzzard
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To: dfwgator

OK. The way I remember it is that Spain Cowed to Islam after the Madrid tragedy and elected Zapatero.

But I wouldnt know a jamon from a prosciutto.


21 posted on 01/30/2011 12:33:41 PM PST by mylife (Opinions: $1.00 ~ Halfbaked: 50c)
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To: gov_bean_ counter

Been to Barcelona, Valencia (to visit my bud) and Madrid. Nice cities, old architecture worth taking pics of, caliente women...but they’re racist, liberal and more arrogant than North Americans. Just a general observation...


22 posted on 01/30/2011 12:36:50 PM PST by max americana
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To: Nachum

I wonder if they count their unemployed similarly to the way we calculate ours...


23 posted on 01/30/2011 12:43:29 PM PST by Patriotic1 (Dic mihi solum facta, domina - Just the facts, ma'am)
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To: Nachum
The resulting unemployment rate was 20.33 percent for the end of the year -- easily exceeding Prime Minister Jose Luis Rodriguez Zapatero's target of 19.4 percent.

Zapatero, Spanish for "Obana"...

24 posted on 01/30/2011 12:50:11 PM PST by OrangeHoof (Washington, we Texans want a divorce!)
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To: gov_bean_ counter

Hey, Spain!

How’s that socialism/Muslim tolerance working out for you?


25 posted on 01/30/2011 12:51:28 PM PST by AlphaOneAlpha
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To: AlphaOneAlpha

Yo Spain. Burka up and take it.


26 posted on 01/30/2011 12:55:33 PM PST by gov_bean_ counter (I am proclaiming 2011 as the year of ME!)
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To: gov_bean_ counter
snicker
27 posted on 01/30/2011 1:08:49 PM PST by investigateworld (Buy Ammo! - unless you believe in 'Free Trade', then just buy food & water & clothes & gasoline))
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To: Nachum

Personally, I want to hear the commentary from Nigel Farage!


28 posted on 01/30/2011 1:11:35 PM PST by MSF BU (YR'S Please Support our troops: JOIN THEM!)
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To: hinckley buzzard

It feled cuz they didunt pile duh muny high enuff!


29 posted on 01/30/2011 1:13:47 PM PST by PSYCHO-FREEP (Patriotic by Proxy! (Cause I'm a nutcase and it's someone Else's' fault!....))
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To: Nachum

I remember thinking during the bailout mania of 2008 that Spain’s bailout plan was the dumbest in the world. They spent billions buying only “healthy” assets, as if leaving nothing but distressed assets on the banks’ books was going to revive their financial system.

Looks like that worked out about as well as could be expected.


30 posted on 01/30/2011 1:14:38 PM PST by The Pack Knight (Laugh, and the world laughs with you. Weep, and the world laughs at you.)
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To: Nachum

Meanwhile, people like Obama would like us to adopt a more European style economy. Twenty percent unemployment? Disgusting.


31 posted on 01/30/2011 1:38:08 PM PST by DeskCaptain
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To: MSF BU

I’m a fan, too!


32 posted on 01/30/2011 1:46:04 PM PST by definitelynotaliberal
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To: Nachum

A Socialist government screwing up things for its people? Who would have thought....?


33 posted on 01/30/2011 1:53:02 PM PST by vivalaoink
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