Latest Figures - Another Story Of Joblessness

Spanish jobless figures rose for the fifth consecutive month according to Financial Times.

The number of Spanish jobseekers rose to 4.42m, while Germany's jobless count fell to 2.976m. Another measure, based on household surveys, puts Spanish seasonally adjusted unemployment at 5.4m, nearly 23 per cent of the workforce. The comparable German figure decreased to 6.8 per cent in December from 6.9 per cent the prior month.

While Spain and others have announced labour-market reforms to give their economies new bounce. World hopes for a better economy in 2012.