UNEMPLOYMENT RATE IN SPAIN RISES TO 27% IN Q1!!!!

As I talked in my oral presentation, the unemployment rate in Spain increases to 27% in 2013. This means that more than six million people in Spain haven’t worked.

For all the countries are really bad that a lot of people don’t work, but the problem doesn’t finish there, there are more. If a country has a lot of unemployed people, then there is less production, and if there is less production, there will be less national rent and then less consumption. So, is very difficult to reactivate the economy of a country with all this things.

Now Spain is in a really hard situation that a lot of economists compare with the crack of 1929 in United States because of the situation, not the same crisis.

In the best moments in Spain, in the first years of the decade of 2000 the country had a higher unemployment rate, about 9%. United States has now approximately 9% of unemployment; so, we can think that Spain has a vague culture even in their best moments.