Spanish unemployment – 48.56% of under 25’s

Here is a graphic from the WSJ. There are some serious problems in the spanish economy with 48.56% unemployment of those under 25 and 22.85% being the national figure. Also from the NYT:

– 1.6 million Spanish households ended last year without a single member holding an official job.
– 33% of those unemployed aged below 30.
– 5.72 million are unemployed.
– The Bank of Spain recently forecast that the Spanish economy would shrink 1.5 percent this year, with employment recovering only in the second half of 2013.

This is worrying news for the Spanish as another recession seems likely which in turn means more pressure on jobs.

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