Blogging from the Murcia region of Spain until early June, when I return to
the Highlands of Scotland for a few months

'Fair and softly goes far' - Miguel de Cervantes

Thursday, 2 April 2009

Unemployment in Murcia region rises at higher than national average

Unemployment in Spain continued to rise during March 2009 and although the rate of increase has slowed somewhat, the rise that did take place took the number of registered unemployed over 3.6mio to 3,605,402 representing a rise of 3.5 per cent on the number registered unemployed a month earlier. Although national unemployment rates are only issued on a quarterly basis, it is estimated by Eurostat that at the end of February 2009 the rate was 15.5 per cent, whereas the Spanish national statistics agency INE said it had been 13.9 per cent at the end of the 4th quarter of 2008.

Spain's unemployment rate at 15.5 per cent is double the EU27 average of 7.7 per cent (8.5 per cent for the Eurozone), with the next highest unemployment rates in the EU being in Latvia (14.4%) and Lithuania (13.7%).

For Murcia region the unemployment figures are even more depressing with 105,889 unemployed at the end of March, a rise of 3.92 per cent over the previous month. In the last year, unemployment in Murcia has risen by 48,076 people, an increase of 83.16 per cent.

Eurostat takes a somewhat more pessimistic view of Spanish unemployment prospects than does the INE, with the latter predicting it will peak at 15.9 per cent before starting to fall, whereas Eurostat believes it will reach 16.1 per cent by 2010 and rise to 18.7 percent in 2011.

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