Spanish unemployment hit the "astronomical" level of 5.4M at 2011's end, says PM Rajoy. With the...

|By:, SA News Editor

Spanish unemployment hit the "astronomical" level of 5.4M at 2011's end, says PM Rajoy. With the official figures not yet out, a bit of math suggests the unemployment rate jumped from 21.5% to about 23.2% - an astounding move in just 3 months. One wonders what's ahead as the government is set to unleash a new wave of austerity measures.