Mish/ Mike Shedlock – Spain’s Unemployment Rate Increases To 23.7%; 114,300 Jobs Vanish In First Quarter, Public Sector Jobs Rise – 24 April 2015

The economic recovery in Spain has gone from jobless to jobloss. Spain shed 114,300 jobs in the first quarter of 2015.

Via translation from El Pais, Spain’s Unemployment Rate Rose Slightly in the First Quarter.

The economic recovery has not been enough to create jobs. In the first three months of the year, the economy shed 114,300 jobs. The result has been a slight increase in the unemployment rate from 23.7% to 23.78% according to the Labour Force Survey (EPA) published by the National Employment Institute.

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