Fri, 27 Jul 2012 11:28:41 GMT
Spain hits the record high unemployment rate
On Friday, Spain's unemployment rate climbed to 24.6% from 24.4% in the first quarter as reported by the National Statistic Institute. The number of jobless Spaniards increased to 5.7 million, showing the record level since mid-1970s. The government announced it doesn't expect the rate to tumble below 22% until 2015 least.