Economics

Spain’s Worst Year for Work Leaves Rajoy Counting Cost

Lock
This article is for subscribers only.

Spanish Prime Minister Mariano Rajoy can count the social cost of the economy’s slump when data this week show how 2013 was probably the worst year for work in its democratic history.

Economists predict the unemployment rate in Spain, home to almost a third of the euro region’s jobless, stayed above 25 percent for the sixth quarter in a row. The National Statistics Institute in Madrid will release the report for the final three months of the year on Jan. 23.