Spain’s statistics bureau, the INE, reported that unemployment was 26.02% for the fourth quarter of 2013. The figure is a terrible reminder that some nations within the European Union may have recovered from the recession, based on gross domestic product, but the recovery is in name only.
The number of unemployed decreased by 8,400 people in the quarter and stood at 5,896,300 . The unemployment rate rose five-hundredths to 26.03% . The total number of unemployed has decreased by 69,000 people a year . For the first time since second quarter of 2007, an annual decline in unemployment occurs.
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