One Quarter Of All Spanish Workers Without A Job: Female Unemployment In Ceuta Region Hits 57%

Tyler Durden's picture


One in four Spaniards are now officially out of work - well over double the euro-area's average 11.4% rate. This is the highest rate of unemployment since the Franco dictatorship ended in the mid-1970s as 5.8 million now stand idle. Perhaps more stunning is the fact that eight of the bailout-nation's regions have higher unemployment rates than the national average with Cueta at a stunning 41.03% (with women's unemployment rate in that region an almost incomprehensible 56.92%)!! The YoY increase of almost 800,000 people unemployed leaves 1.74 million households with no members employed. As one would expect, loan delinquencies are also surging as Caixabank just almost doubled its pool of bad loans in the third quarter. While Rajoy fiddles...

Spain's Unemployment Rate Hits 25.02% - the highest since the 1970s!



and across the regions (far right hand column) - the rate is even higher in many cases!


with women's unemployment (far right column) reaching a stunning 56.92% in Cueta region!


Source: National Institute of Statistics

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Fri, 10/26/2012 - 08:58 | 2921087 surf0766
surf0766's picture

socialism works!

Fri, 10/26/2012 - 09:24 | 2921173 Unprepared
Unprepared's picture

"Time to regain control over Ceuta, Melilla and Canary Islands."


Fri, 10/26/2012 - 09:30 | 2921193 GetZeeGold
GetZeeGold's picture



Go's the future....forward hoe.


Fri, 10/26/2012 - 09:36 | 2921207 Popo
Popo's picture

I think you meant, "Forward, ho".  After all, the world's oldest profession is always an option.

Fri, 10/26/2012 - 10:00 | 2921273 AvoidingTaxation
AvoidingTaxation's picture

An easy war for Spain and his allies. For a fascist Spain with an intelligent leader it could be a chance.

Fri, 10/26/2012 - 09:24 | 2921174 Gully Foyle
Gully Foyle's picture


Two things.

First show me a Capitalist state which isn't in trouble.

Second, everything worked fine UNTIL TPTB started breaking shit down for resale.

The question is were so many states really that fucked up, or did TPTB rig the game to manipulate events in a direction they desire?

Fri, 10/26/2012 - 09:26 | 2921179 flacon
flacon's picture

First show me a Capitalist state. Period. 

Fri, 10/26/2012 - 09:31 | 2921196 GetZeeGold
GetZeeGold's picture



Nailed the landing...

Fri, 10/26/2012 - 10:05 | 2921276 Radical Marijuana
Radical Marijuana's picture

Yes, it bugs me how people

keep blaming "capitalism."

To repeat the fundamental truisms:

Fascism is capitalism plus murder.

Plutocracy is capitalism plus fraud.

The real system is capitalism, BUT,

with both murder and fraud added,

therefore, that is fascist plutocracy.

THAT is what controls Spain today,

& that is what controls almost all!

Fri, 10/26/2012 - 13:04 | 2921980 Reptil
Reptil's picture

add some paedofile networks to keep the politicians in check and you got a winner.

Fri, 10/26/2012 - 10:31 | 2921389 Lebensphilosoph
Lebensphilosoph's picture

Correction: the scam worked fine until the day came for someone to collect the debt.

Fri, 10/26/2012 - 13:36 | 2922110 silverserfer
silverserfer's picture

Anarchy is the only way to run a geographical area. Gengis Kahn Libertarian John Galt freedom slave masters unite! eat the poor, put the women to "work" Roads will be made of the crushed bones of the socialist masses. Bring back the good old days of pillage thy neighbor.  

Fri, 10/26/2012 - 10:13 | 2921326 Offthebeach
Offthebeach's picture

Looks like SpainFedgov needs to back student Marxist Theater Lighting Afro pre-Law majors into doctoral degrees way more. Get that labor force participation number down. Or some turd world hell France.

Fri, 10/26/2012 - 11:31 | 2921660 _ConanTheLibert...
_ConanTheLibertarian_'s picture

until it spectacularly fails

Fri, 10/26/2012 - 08:58 | 2921089 Shizzmoney
Shizzmoney's picture

At least there is always prosititution.

Fri, 10/26/2012 - 09:02 | 2921105 HD
HD's picture

If 57% of Spanish women turned to the oldest profession it would not be very about not having pricing power.

Fri, 10/26/2012 - 09:14 | 2921144 Lohn Jocke
Lohn Jocke's picture

Thinking of starting my own business. Pimping and price fixing. Like a London Banker except that I have a huge hat with a peackock feather in it.

Fri, 10/26/2012 - 09:25 | 2921177 malikai
malikai's picture

A thought experiment yields the question: Which country do you set up shop in?

Greece, Spain, or do you wait for France?

Fri, 10/26/2012 - 09:37 | 2921211 HD
HD's picture

Depends on the clientèle.


 France - for the simple kiss.

 Spain - for those who like to shake the maracas

 Greece - well, if you're gonna go Greek...

Fri, 10/26/2012 - 09:27 | 2921183 Frozen IcQb
Frozen IcQb's picture

Keep in mind that the 2&20 fee structure would not work. Fee for service and performance based compensation wouldn’t either. Your best bet for income is to get paid based on ass under management- IMHO

Fri, 10/26/2012 - 09:35 | 2921200 malikai
malikai's picture

A good pimp never forgets the rule:

"Bitch better have my money. Not half. Not Some. But all my money. Through rain, sleet, or snow.. Bitch better have my money."

Exhibit A:

Fri, 10/26/2012 - 10:13 | 2921327 GMadScientist
GMadScientist's picture

Don't forget your gold teefus and pinkie ring there, Huggy Bear.

Fri, 10/26/2012 - 09:22 | 2921167 Gully Foyle
Gully Foyle's picture


That is a big rise in Marriage. That is the "oldest profession" for women to raise their standard of living.

Fri, 10/26/2012 - 09:48 | 2921235 Radical Marijuana
Radical Marijuana's picture

Yeah, considering the statistics generally say that more than half of young people, and more than half of the women, can NOT find work, then ability of young women to find work must be some multiplication of those factors.

If something like 80% of the young women who would like to work can NOT find any employment, then turning to prostitution is probably something that has already saturated its market.

Fri, 10/26/2012 - 10:32 | 2921400 Lebensphilosoph
Lebensphilosoph's picture


Fri, 10/26/2012 - 11:25 | 2921633 Overfed
Overfed's picture

Competition would drive the price way down!

Fri, 10/26/2012 - 08:59 | 2921091 malikai
malikai's picture


Fri, 10/26/2012 - 09:01 | 2921094 lolmao500
lolmao500's picture

Time for Spain to break up...

In WTF news...

CNBC Executive Kevin Krim’s Two Young Kids Killed by Nanny Yoselyn Ortega in Upper West Side Apartment

Fri, 10/26/2012 - 09:25 | 2921175 Gully Foyle
Gully Foyle's picture


You want to bet he was fucking the Nanny and broke it off?

Fri, 10/26/2012 - 09:31 | 2921194 lolmao500
lolmao500's picture

I'm gonna bet she was on anti-depressants.

Fri, 10/26/2012 - 11:26 | 2921635 Overfed
Overfed's picture


Fri, 10/26/2012 - 10:34 | 2921414 pazmaker
pazmaker's picture

extremely tragic...sad.....another reason to raise your own kids and get by on one income if your married. 

Fri, 10/26/2012 - 11:26 | 2921638 Overfed
Overfed's picture

That's not the American dream. /s

Fri, 10/26/2012 - 09:00 | 2921096 Vincent Vega
Vincent Vega's picture

Coming soon to a country near you. Perhaps Q1 2013. So sad.

Fri, 10/26/2012 - 09:03 | 2921099 jover
jover's picture

How will this ever get fixed?

Fri, 10/26/2012 - 09:09 | 2921128 lolmao500
lolmao500's picture

It won't. Not with their current mindset and failed economic policies anyway.

Fri, 10/26/2012 - 09:53 | 2921252 Radical Marijuana
Radical Marijuana's picture

Do not blame Spain, and do not blame any other straw man, like some superficial ism ... The banksters have dominated the world system for a long, long, long time!  The Spanish were set up, the same as practically everybody else, by those who were the best at being dishonest, and backing that up with violence.

There is nobody anywhere that can fix problems generated by having the trillionaire mass murders arrange things to benefit them. There is not even the slightest hint of an adequate set of policies to cope with that reality!

Fri, 10/26/2012 - 09:10 | 2921132 LongSoupLine
LongSoupLine's picture

Don't worry, all Spain has to do is say "pretty please" and Draghi will fix everything...


If you believe that, I have a vintage 2007 CDS to sell you.

Fri, 10/26/2012 - 09:05 | 2921104 TideFighter
TideFighter's picture

Is she married to a NYPD cop? 

WTF is in NYC water? Move to Detroit, they have safe water.

Fri, 10/26/2012 - 09:05 | 2921112 Bubble
Bubble's picture they don't count. That shouldn't distract of course from the terrible situation there.

Fri, 10/26/2012 - 09:06 | 2921119 GubbermintWorker
GubbermintWorker's picture

Chill, take a siesta.

Fri, 10/26/2012 - 09:07 | 2921123 Hedgetard55
Hedgetard55's picture

They can say gracias to Uncle Ben for driving their cost of living through the roof.

Fri, 10/26/2012 - 09:11 | 2921135 Grimbert
Grimbert's picture

I saw the graph and thought it was a map of the bottom of Spain. Have to check back in a few years and see if the line reaches Barcelona. 

Fri, 10/26/2012 - 09:12 | 2921138 timbo_em
timbo_em's picture

So with a population of 47 million and 22 million people in working age, one quarter unemployed and 2.6 million public sector workers who exactly is going to pay the bills, repay the debt and save the banks?

Fri, 10/26/2012 - 09:55 | 2921258 HungryPorkChop
HungryPorkChop's picture

Mitsubishi DiamondStar will take care of this.  After all they have the world's biggest and fastest printing press.  Shhhh, just don't tell Ben..

Fri, 10/26/2012 - 09:13 | 2921140 Jason T
Jason T's picture

maybe they have become so self sufficient with all their green energy, they don't need to work or borrow money and are just saying the hell with their loans. Maybe this is positive.



Fri, 10/26/2012 - 09:18 | 2921156 kito
kito's picture

not a big deal, all part of dalios beautiful deleveraging.................once all of those spainards are deleveraged, they can start handing out the credit cards and 0 percent mortgages again....patience..patience........its only cyclical.........

Fri, 10/26/2012 - 09:29 | 2921185 Abraxas
Abraxas's picture

That's right, kito. Pit and the pendulum, that's where we are. (we are the guy strapped down on the table underneath the pendulum)

Fri, 10/26/2012 - 10:13 | 2921325 Ricky Bobby
Ricky Bobby's picture

"Beautiful Deleveraging" .... err err "Let them Eat Cake"

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