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World

Spain says jobless rate hits 17-year high 22.85pc

Published Updated

unemploymentMADRID: Spain's unemployment rate shot to 22.85 percent in the final quarter of 2011, the highest in the industrialised world, as jobless numbers hit 5.27 million, official figures showed Friday.

The unemployment rate was a near 17-year record, surging from 21.52 percent the previous quarter as the jobless queue burst through the five-million level, the National Statistics Institute report showed.

Copyright AFP (Agence France-Presse), 2012

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