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Thread: Spain jobless hits 12-year high

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    Spain jobless hits 12-year high

    BBC NEWS | Business | Spain jobless hits 12-year high

    This is very worrying for Spain, but really it only proves that the economy is not diverse enough, having no non-service industry sector worth mentioning for example.
    The Spanish economy is typical of an economy that will fare well in good times and collapse broadly in bad times since its activities are based around tourism, property and such things.


    Yet, European unemployment rates remain resilient only climbing 1% the last year, as compared with the US for example where unemployment rates have risen almost 3% in the same period.

    For Europe its interesting to break it into regions..
    Eastern Europe, except Poland have seen a great number of rise in unemployment, while most western European countries with exception of Ireland, Spain, the UK and Sweden have actually seen a reduction in the rate or no change.
    http://epp.eurostat.ec.europa.eu/pls...2009-EN-AP.PDF
    It makes for very interesting numbers to chew on..
    France(+0.1%)
    Germany(-0.9%)

    But these numbers are until November only. It will be interesting to see further development. My hope is that they can stay resilient, but analyzes tells me otherwise.
    Europe is illegally occupied by the US

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    Re: Spain jobless hits 12-year high

    So what's their unemployment rate? How many minorities do they (EU) have hitting the streets when they feel an injustice has been committed against them?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Spain jobless hits 12-year high

    Quote Originally Posted by American View Post
    So what's their unemployment rate?
    13%

    However a large portion of that is in the building sector which has finally collapsed in the country. In 2005 Spain started more new homes than France, Germany and Italy COMBINED.. just shows you how big the over production of new homes in Spain has been.
    PeteEU

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    Re: Spain jobless hits 12-year high

    In the forum where I first began posting in 2004 I often warned of the dangers of a massive disruption in oil coming from the M.E. And how if it was large enough it would adversely affect our trading partners and us and because all the Western economies are interdependent. And that the fall of one could trigger the fall of all.

    Some of the kiddies didn't believe me then.

    By now we all have seen Europe's economies shudder from the problems here.

    Maybe the gamers believe me now.

    OBL 11/24/02

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    Re: Spain jobless hits 12-year high

    Why was Spain building so many homes?
    And why does your tone suggest that you do not care about children?

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    Re: Spain jobless hits 12-year high

    Quote Originally Posted by new coup for you View Post
    Why was Spain building so many homes?
    Jimmy Carter and Habitat for Humanity?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Spain jobless hits 12-year high

    Quote Originally Posted by PeteEU View Post
    13%

    However a large portion of that is in the building sector which has finally collapsed in the country. In 2005 Spain started more new homes than France, Germany and Italy COMBINED.. just shows you how big the over production of new homes in Spain has been.
    So it's much higher than the US. I'll bet you're slamming your government for this aren't you?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Spain jobless hits 12-year high

    Quote Originally Posted by American View Post
    So what's their unemployment rate? How many minorities do they (EU) have hitting the streets when they feel an injustice has been committed against them?
    13.4% up from 8.4% just a year ago. Now having the highest(by far) unemployment rate in Europe.. The numbers are in the link on the middle of my last post. Makes for interesting reading about how the nations in the EU are faring with unemployment and such, and the huge regional differences.
    Europe is illegally occupied by the US

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    Re: Spain jobless hits 12-year high

    Quote Originally Posted by bhkad View Post
    In the forum where I first began posting in 2004 I often warned of the dangers of a massive disruption in oil coming from the M.E. And how if it was large enough it would adversely affect our trading partners and us and because all the Western economies are interdependent. And that the fall of one could trigger the fall of all.

    Some of the kiddies didn't believe me then.

    By now we all have seen Europe's economies shudder from the problems here.

    Maybe the gamers believe me now.
    Nah, most European economies are pretty well off and stable, even in the financial crisis which have affected the US and the UK far more severely. There isnt really any financial crisis in Europe, just effects of the financial crisis in the US, because we are so tightly connected economically.
    Europe is illegally occupied by the US

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    Re: Spain jobless hits 12-year high

    Quote Originally Posted by new coup for you View Post
    Why was Spain building so many homes?
    Because half of Europe have second homes in Spain, because of it being the worlds most healthy country to live in, and having constant sunshine and nice beaches with nice topless women sunbathing there.

    Europe is illegally occupied by the US

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