eats shoots 'n leaves

While Spain’s overall jobless numbers are improving, beneath the good news is a very troubling number.

The “recovery” is, in fact, skipping a generation, as experienced workers are bypassed in favor of less experienced younger workers who will labor for lower pay.

The rate for long-term joblessness in Spain has, in faqct, increased eleven-fold since the start of the Bush collapse.

The numbers point to a Potemkin recovery, in which there is improvement for some, but those hardest hit by the Great Recession are left to contemplate very bleak futures.

From El País:

The gradual reduction in Spain’s unemployment figures is not translating into any improvement for the country’s long-term unemployed, growing numbers of whom are being left behind: one in four jobless have been out of work for at least four years, says a report by the Fedea economic think tank based on official figures.

Between April and…

View original post 137 more words