Spain’s Registered Unemployment Rises as Economy Contracts
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Registered unemployment in Spain, where almost half of young people are out of work, rose for a fifth month in December as the euro area’s fourth-largest economy contracted.
The number of people registering for unemployment benefits rose 1,897 to 4.42 million, the Labor Ministry in Madrid said in an e-mailed statement today. In November, it surged 59,536.