Spanish Unemployment

Spain's unemployment rate has hit 20% for the first time in nearly 13 years, official figures have shown. There were 4,612,700 people unemployed in the country at the end of March, the national statistics agency INE said.
Spain's jobless rate has risen sharply during the economic downturn and is the highest in the eurozone.
Meanwhile, official European Union (EU) figures showed that the eurozone unemployment rate remained unchanged at 10% in March.
The unemployment figures could be higher if it were not for the unemployment laws which give workers a minimum of 25 weeks pay for every year worked up to a maximum of 52 weeks. This may explain why more companies are going into bankruptcy.