1 in 4 Spaniards out of work at end of Q3
MADRID -- One in four Spaniards are now officially out of work.
Spain's National Statistics Institute says the country's unemployment rate rose around 0.4 percentage points in the third quarter on the previous three months to 25 percent.
The institute says Friday 85,000 people more joined the ranks of the unemployed between July and September, taking the total to 5.78 million.
Spain is under pressure to ask for outside aid to help deal with its debts. The country is in its second recession in three years. It has already been granted a (EURO)100 billion ($130 billion) bailout facility for its troubled banks while many of its regional government are also in bad financial shape.
MADRID-- One in four Spaniards are now officially out of work. Spain's National Statistics Institute says the country's unemployment rate rose around 0.4 percentage points in the third quarter on the previous three months to 25 percent. Spain is under pressure to ask for outside aid to help deal with its debts.