Spain Unemployment Tops 20 Percent

4.6 million Spanish citizens are currently unemployed. This unemployment is the second worst among all European nations, just below Latvia. The prime minister, Jose Luis Rodriguez Zapatero is suspecting that the amount will now begin to decrease. Spain's employment fluctuates with the time of the year due to the standings of construction, tourism, and agriculture. Due to the recent housing busts many of Spain's construction workers have lost their job. Another reason the unemployment has seized to improve is that jobs are centralized meaning that people can not switch occupations as easily.

Although this issue is primarily in Spain it still is globally important and representative of what a country should not be. History has a tendency of always repeating itself and unless we recognize the problems that other countries have and realize how they got into their problem we are bound to follow the same trend. Spain is setting an example for what we should not do. Along with it being a model, if the problem continues to spread in Spain it will affect much more than its construction, tourism, and agriculture. Presumably, it will overflow into its economy which affects its trade which ultimately affects its place on the world stage.