As jobless top 2m, Zapatero's promises doomed

2nd September 2005, Comments 0 comments

2 September 2005, MADRID — The number of people out of work in Spain has passed the two million mark making it unlikely the unemployment rate will fall below 10 percent this year.

2 September 2005

MADRID — The number of people out of work in Spain has passed the two million mark making it unlikely the unemployment rate will fall below 10 percent this year.

In August the number of registered unemployed rose by 29,693 compared with the month before.

This took the total number of jobless to 2,019,110 and made the overall unemployment rate still more than ten percent.

Analysts from the Spanish National Employment Institute said this contradicted prime minister Jose Luis Rodríguez Zapatero's claims that this year his government would bring unemployment down to single figures.

The economy minister Pedro Solbes admitted the latest figures were "not good" but claimed in the coming months Spain would see a gradual improvement in the situation.

Year-on-year, unemployment has fallen by 1.4 percent or with 30,529 fewer people claiming benefits.

And the number of people paying social security rose between August 2004 and this year by 905,884 putting an extra EUR 8 billion in government coffers.

[Copyright EFE with Expatica]

Subject: Spanish news

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