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    Spain's unemployment rate jumps to 27 percent

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    Al Jazeera English

    by Al Jazeera English

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    More than six million Spaniards were out of work in the first quarter of this year, raising the jobless rate in the eurozone's fourth biggest economy to 27.2 percent from 26.02 percent in the previous quarter, the highest since records began in the 1970s. The number of unemployed climbed by 237,400 people to 6.2 million, the National Statistics Institute said on Thursday. Spain, once the motor of job creation in the 17-nation single currency area, is in a double dip recession, having yet to recover from the collapse of a property boom in 2008. Al Jazeera's Rory Challands reports from Madrid.