This sounds awfully familiar. That's why reports like these are so scary:
Spain's jobless hits record 5 million in February
MADRID (AP) -- Spain now has a record five million people registered as unemployed as the country remains stuck in recession.
The Labor Ministry said Monday that the number of people on the unemployment list in February jumped by 59,444 compared with January, making for a total of 5.04 million.
Spain is battling to emerge from its second recession in just over three years with its economy still reeling from the collapse of the once-booming real estate sector.
The country's unemployment rate was at 26 percent at the end of the fourth quarter.
Young men without jobs tend to do bad things. That's a very simple truism, but no less true for being so. We ignore it at our peril in thinking about foreign policy (Egypt unemployment at 74% for people under 30), and we ignore it at our peril thinking about our inner cities (Detroit unemployment among black youths at 80% plus).