Unemployment rate of Spain reached 26.2%, the highest leve since 1975

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Source: Forexcrunch
Unemployment rate of Spain grew to 4.98 million, reaching 26.2% in January. According to the Spanish Ministry of Labor, in January alone, number of jobless people increased by 132,055, after a decline of 59100 unemployed in December. Analysts forecast that 77500 unemployed will add to the figure in the nearest future. Economic expansion of Spain will continue to falter due to the weak domestic demand and fall in investment.

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