If Spain had a labor force the size of the United States, it would have more than three times the number of unemployed people, amounting to 40 million (American-sized) Spaniards.
Although Spain has a population and labor force less than one-sixth of United States, the European nation’s 6 million unemployed is half the size of the unemployed population in the US, according to government figures from each nation. Spain reported its unemployment rate was 26.02% in the fourth quarter of 2012.
Here’s a proportional look at the employment situation in each nation:
More from Quartz
- Morgan Stanley's chief economist went jogging one morning—and his outlook on the global economy changed
- A strong euro is the last thing Europe needs if currency war dawns
- Germany's mighty industrial engine still looks mighty weak
- Politics & Government
- Unemployment Issues