Spain's registered jobless up 128,000 in October
- Associated Press
- November 5, 2012 - 2:22 AM
MADRID - The Labor Ministry says the number of people registered as unemployed in Spain jumped by 128,242 people in October as the country's recession continues to take its toll.
The ministry said in a statement Monday that a little over 4.83 million were registered as jobless at the end of last month, an increase of 2.7 percent on September.
The nation's unemployment rate is released separately and quarterly. It stood at 25 percent at the end of the third quarter. The jobless rate is 52 percent for those under 25.
Spain, the fourth largest economy among the 17 countries that use the euro, is in its second recession in three years.
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