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unemploymentMADRID: The number of people looking for jobs in Spain gained 2.73 percent in October on a monthly basis to 4.83 million, one of the highest levels in Europe, data released on Monday by the labour ministry showed.

 

Spain, the fourth-biggest eurozone economy, is struggling to reduce its excessive public deficit and debt, and has implemented austerity measures that hamper a quick rebound in economic activity.

 

On an annualised basis, the number of jobseekers has climbed by 10.84 percent, and now stands at 4.833.521 according to the ministry data.

 

Copyright AFP (Agence France-Presse), 2012

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