Unemployment Problem

Topics: Unemployment, Economics, Inflation Pages: 6 (1178 words) Published: January 27, 2013
UNEMPLOYMENT PROBLEM

Introduction

Spain unemployment figure had hit up to 5 million people mark in the last quarter of 2011. The National Statistic Institute measure from 4.9 million in the third quarter to 5.3 million people is jobless at the end of December. This rate rose from 21.5% in the third quarter to 22.8%, one of the highest rates in nearly 17 years. Spain has already hit one of the highest rates in the 17-nation eurozone and is expected to step back to recession. This impact hit hard on 16-24 year-olds Spanish went out of job from 45.8% to now 48.6%. Now, Spain government is trying to improve the jobs market.

Spain GDP for the last five years

|Real GDP growth |[pic] |2001 | | | |2002 | | | |2003 | | | |2004 | | | |2005 | | | |2006 | | | |2007 | | | |2008 | | | | | | | |3.6% | | | |2.7% | | | |3.1% | | | |3.3% | | | |3.6% | | | |4% | | | |3.6% | | | |0.9% | | | | | | | |2009 | | | |2010 | | | |2011 | | | |2012* | | | | | | | | | |...
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