Government says 4.6 million people are out of work in Spain . Spain 's economic problems are closely tied to the housing bust there , according to The Economist magazine . The unemployment rate is currently at 22.5 percent and the jobless number has been rising for years. Spain 's unemployment rate is second highest in Europe after Latvia .
Government says 4.6 million people are out of work in Spain . The unemployment rate is currently at 22.5 percent and the jobless number has been rising for years. Spain 's unemployment rate is second highest in Europe after Latvia .