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Spain Unemployment Rate Surges To Highest In Industrialized World

First Posted: 01/29/11 10:34 AM ET Updated: 05/25/11 07:30 PM ET

Spain Jobless
Unemployed construction worker Jesus Torres, 41, left, receives a help on the street next to a sign that reads "I'm hungry" in Pamplona, Spain, on Friday, April 30, 2010. Torres has been unemployed since Feb. 2009 and has two children. Spain's jobless rate has surpassed 20 percent for the first time since 1997, the government said Friday as it offered more dismal news for a recession-plagued economy that is being dragged into Europe's debt crisis.(AP Photo/Alvaro Barrientos)

Yahoo! News:

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 industrialised world, as the economy gasped for air.

Read the whole story: Yahoo! News

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Filed by Hunter Stuart  |