Crisis: Spain hits record unemployment levels

4.8mln jobless in October, up 2.73% from September

05 November, 12:03

A queue of people stands outside a public job center in Madrid A queue of people stands outside a public job center in Madrid

(ANSAmed) - MADRID - The number of registered unemployed people in Spain has risen by 12,824 in October to peak at a new 4.8 million record, according to figures released today by the Labour Ministry.

This represents a 2.73% increase on figures from August.

Also according to the data the number of people signing on for benefits in October has fallen by 64,372, to a total of 16.7 million. As a result of seasonal work patterns and tourism the service industry accounts for three out of four of the newly unemployed.

But unemployment has also risen in agriculture (+15.18% compared to October 2011) and industry (+1.69%). Only the construction industry fared better with -0.48%.(ANSAmed).

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