Eurostat, the European Union’s statistics office, reported that Spain’s unemployment rate hit 26.6% in November 2012, up from 26.2% in October 2012 and up from 23.0% for the same month in 2011. That puts the total number of people out of work in Spain at 6.157 million.
Spain accounts for about a third of the 18.820 million people looking for work in the European Union. The average unemployment rate in the EU in November was 10.7%, and 11.8% in the euro zone. The jobless rate for those under 25 climbed from 55.8% in October to 56.5% in November. The average in the EU was 23.7 percent.
All governments the world over massage all official figures to present the best, or least unfavourable scenario, so one would assume that a statistics office with no vested interest would be one of the ‘more’ accurate sources of information.