Believe that’s bad? America itself is not far off. In the United States we’re looking at 14.5% total unemployment. This also doesn’t account for “99%’ers” and various other factors after a revision of what statistics are taken into account.
The number of unemployed people reached 5,639,500 at the end of March, with the unemployment rate hitting 24.4%, the national statistics agency said.
The figures came hours after rating agency Standard & Poor’s downgraded Spanish sovereign debt.
Full article: Spanish unemployment hits record 5.64 million (BBC News)