Friday, October 28, 2011

Liar, Liar...

Really, this is a tragic cartoon for Spain. Unemployment ("Paro" in spanish) rose to a record high in the third quarter of 2011 (4.978.300 people are out of work, an astonishing 21.5% jobless rate). A total of 144,700 jobs were lost in the quarter. But now it comes the funny/tragic thing: the Labor ministry, Valeriano Gómez, said that the reason behind the increase in unemployment was "consequence of the adjustment in public workers jobs". But information coming from the same agency (INE) that released the numbers tells a different story: Spain counts 3.220.600 public workers, 3.100 more then in the second quarter. Worse than that, there are 44.700 more new public workers than a year before. Adjustments? Liar, liar...

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