Spain's jobless just under 5 million in January

Monday 04 February 2013 08.40
Spain's jobless figures surged by 132,055 in January to 4.98 million
Spain's jobless figures surged by 132,055 in January to 4.98 million

The number of people registered as unemployed in Spain is bordering on 5 million as the country remains mired in recession.

Labour Ministry figures released this morning show that the registered jobless figure surged by 132,055 in January to 4.98 million.

Spain is struggling to emerge from its second recession in just over three years with its economy battered by the collapse of the once-key property sector.

The country's unemployment rate was at 26% at the end of the fourth quarter, up 1% from the previous three month period.