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'National disaster': Spain sees 500% rise in ‘very long-term unemployment’
RT ^ | 30 May 2014

Posted on 06/02/2014 4:30:44 PM PDT by Lorianne

Over one million people in Spain - the eurozone's fourth largest economy - haven't had a job since 2010, according to a report by Spain's National Statistics Institute. Although this number continues to rise, the government says it's witnessing recovery.

The numbers, published on May 23, show that “very long-term unemployment” in the country has risen by more than 500 percent since 2007. That year, about 250,000 Spaniards were unemployed after losing their job at least three years prior. That number drastically rose to 1.27 million in 2013 - 234,000 more than in 2012.

Generally, long-term unemployment includes jobless workers who have not been employed for more than 27 weeks. The recent study shows that this category in Spain has transformed to very long-term unemployment, with hundreds of thousands people without a job for at least three years, and is now represented by over 23 percent of the total jobless population in Spain.

The number is much higher than in other countries in the region at the same economic level, with another recent study showing that 26 percent of the country's population is on government benefits in Spain - the second highest total in the EU after Greece.

Still, politicians claim the nation emerged from years of on-and-off recession in mid-2013 and the situation continues to improve. On May 29, Spain reported its fastest economic growth since 2008, when the ten-year property bubble burst and prompted a financial crisis.

With millions of people searching for work in vain in the eurozone's fourth largest economy (behind Germany, France, and Italy), the International Monetary Fund said this week that the country's recovery is here to stay. “Spain has turned the corner,” the IMF's annual report on the country's economy stated.

(Excerpt) Read more at rt.com ...


TOPICS: Business/Economy; Foreign Affairs; Government
KEYWORDS: spain

1 posted on 06/02/2014 4:30:44 PM PDT by Lorianne
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To: Lorianne

Spain is the poster child for government “investment” in “green energy”.


2 posted on 06/02/2014 4:35:32 PM PDT by Hugin
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To: Lorianne

Socialism, big government, higher taxes, more muslims and more regulations...works!


3 posted on 06/02/2014 4:38:13 PM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: Hugin
Spain is the poster child for government “investment” in “green energy”.

Spain must be obamaramadingdongs example because he has us half way there by following Spain's lead!

4 posted on 06/02/2014 4:39:08 PM PDT by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: Lorianne

Just like here...


5 posted on 06/02/2014 4:39:12 PM PDT by 2ndDivisionVet (I will raise $2Million USD for Cruz and/or Palin's next run, what will you do?)
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Wish I knew how to say "Imbeciles" in Spanish. Oh wait, I have the Internet;

imbécils!

6 posted on 06/02/2014 4:42:11 PM PDT by Sicon ("All animals are equal, but some animals are more equal than others." - G. Orwell)
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To: Lorianne; fieldmarshaldj; AuH2ORepublican; Impy; GOPsterinMA; randita; Sun; LdSentinal; ...

If things don’t change, it’s coming here.


7 posted on 06/02/2014 4:42:23 PM PDT by Clintonfatigued (The War on Drugs is Big Government statism)
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To: Lorianne

unsustainable


8 posted on 06/02/2014 4:43:37 PM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: Sicon

In Korean it’s something like:

Babo!


9 posted on 06/02/2014 4:44:17 PM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: Clintonfatigued

We already generational welfare but the scale of it is growing fast


10 posted on 06/02/2014 4:44:51 PM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: Clintonfatigued; All

You got that right!


11 posted on 06/02/2014 4:45:25 PM PDT by GOPsterinMA (Khent is not stable... be advised...)
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To: Clintonfatigued
If things don’t change, it’s coming here.

At least the soup kitchens will run on solar power, though. So there's that.

12 posted on 06/02/2014 4:46:58 PM PDT by Charles Martel (Endeavor to persevere...)
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To: Lorianne

It sounds as if Obama isn’t the only one ending JOB LOCK.


13 posted on 06/02/2014 4:53:00 PM PDT by Iron Munro (Black skin has morphed into Teflon.)
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To: Lorianne

What are they complaining about? I last went to Spain in 2010. Everywhere I went, employees at restaurants, hotels, stores, etc. were not Spaniards. They were all foreign to Spain. They have chronic unemployment of 30% in most places yet they keep their doors to illegal immigrants open.


14 posted on 06/02/2014 4:58:04 PM PDT by cll (Serviam!)
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To: Lorianne

No wonder the King is quitting. He’s got to get out of Dodge before the entire roof caves in. Off to the French Riviera or the Portuguese Algarve. Screw the peons.


15 posted on 06/02/2014 4:58:35 PM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: Don Corleone
It's good to be the king...

/johnny

16 posted on 06/02/2014 5:00:16 PM PDT by JRandomFreeper (Gone Galt)
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To: GeronL

I remember Babo. It was a cleaning product like Ajax.
We sure will need some to clean the white hut when the current occupant has been dethroned.


17 posted on 06/02/2014 5:05:40 PM PDT by certrtwngnut
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To: Lorianne
You have to see the bright side like Nancy Pelosi does. These are just people who can spend more time pursuing arts and literature while living off Welfare.
18 posted on 06/02/2014 5:13:48 PM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: Lorianne

We have the same problem.There are *far* more families here today that haven’t worked for three generations than there were 40 years ago.


19 posted on 06/02/2014 5:33:32 PM PDT by Gay State Conservative (Rat Party Policy:Lie,Deny,Refuse To Comply)
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To: Lorianne

After all,they *did* invent the siesta.

20 posted on 06/02/2014 5:36:08 PM PDT by Gay State Conservative (Rat Party Policy:Lie,Deny,Refuse To Comply)
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To: Lorianne
'National disaster': Spain sees 500% rise in ‘very long-term unemployment’

Let me see if I have that right.

500% rise in unemployment in Spain --- BAD
500% rise in actual unemployment (not Obama propaganda) ---

At this point, what difference does it make?

< /hysterics >

21 posted on 06/02/2014 6:40:50 PM PDT by publius911 ( Politicians come and go... but the (union) bureaucracy lives and grows forever.)
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To: Sicon

“Wish I knew how to say “Imbeciles” in Spanish”

It’s “biden” in Scranotnese.


22 posted on 06/02/2014 6:53:39 PM PDT by RS_Rider (I hate Illinois Nazis)
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To: Clintonfatigued

The Socialists really ducked up Spain when they were in power and it doesn’t look like the center-right is having any luck pulling them out of the fire.


23 posted on 06/03/2014 1:21:51 AM PDT by Impy (RED=COMMUNIST, NOT REPUBLICAN)
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