Post by Forever Sunshine on Apr 28, 2013 22:54:25 GMT -5
Spain's unemployment rate rose to a record high of 27.2% in the first quarter of 2013, the Spanish National Institute of Statistics said Thursday.
The figure represented an increase of 1.1 % from the previous quarter, as recession continues to take its toll on the debt-stricken nation.
Francisco Carrizo, 37, a Venezuelan teacher from Madrid, told CNN that unemployment is at "preposterous levels" and Prime Minister Mariano Rajoy's center-right government is feeding the Spanish people a "bunch of lies."
He said many of his students are considering emigrating for higher education to improve their job prospects, fueling fears that Spain is undergoing a "brain drain."
In 2007, before the global economic crisis hit, Spain had 1.9 million people unemployed -- 8.6% of the active population. That figure has now risen to 6.2 million.
www.cnn.com/2013/04/25/world/europe/spain-unemployment/index.html?hpt=hp_bn2
The figure represented an increase of 1.1 % from the previous quarter, as recession continues to take its toll on the debt-stricken nation.
Francisco Carrizo, 37, a Venezuelan teacher from Madrid, told CNN that unemployment is at "preposterous levels" and Prime Minister Mariano Rajoy's center-right government is feeding the Spanish people a "bunch of lies."
He said many of his students are considering emigrating for higher education to improve their job prospects, fueling fears that Spain is undergoing a "brain drain."
In 2007, before the global economic crisis hit, Spain had 1.9 million people unemployed -- 8.6% of the active population. That figure has now risen to 6.2 million.
www.cnn.com/2013/04/25/world/europe/spain-unemployment/index.html?hpt=hp_bn2
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