Spain's Unemployment Hits Record Numbers

Madrid is bracing for protests later today, as new employment figures show Spanish unemployment shot up to a record 27.2 percent in the first quarter of this year. Joblessness also increased at alarmingly high levels in France, with the number of documented job seekers rising by 1.2 percent in March from February to 3,224,600. That’s up 11.5 percent from March of 2012, right before Francois Hollande took over as president in May.

More than six million Spaniards now are out of work, …

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