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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (166341)	5/16/2002 5:20:40 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

DATA SNAP: Spain 1Q Unemployment More Than 2 Million ========================================================== Spanish 1Q Unemployment !Surprise: N/A ! 1Q 4Q !Trend: N/An ! on yr 11.50% 12.96% !Median:N/A ! ========================================================= MADRID (Dow Jones)--Unemployment in Spain rose in the first quarter of 2002 to 11.50% of the active population, the national statistics institute, INE, said Thursday. This is the first time that INE has released its unemployment data since revising the methodology used in calculating the figures to take into account such effects as immigration. INE said the new methodology is also closer to that used by the European Union. The result is that the data isn't truly comparable to previous quarters. Using the old methodology, Spain's unemployment was 12.96% in the fourth quarter of 2001. INE didn't provide revised figures for previous quarters. INE said the total number of unemployed in the first quarter of 2002 was 2,081,100. By comparison, fourth quarter unemployment was 2,213,400 using the old methodology. INE said more than 85% of the increase in unemployed was in the 24-54 age group, and of particular notice in women 25 or older and men 20-24. INE said the number of households with all members unemployed was 490,300, or up 14% from the previous quarter. -By Robert S. Duncan, Dow Jones Newswires; +34-91-3958120; robert.s.duncan@dowjones.com