Too true. The number of Spaniards leaving the recession-wracked country was up 44% in the first six months of last year, compared with the same period in 2011, the National Statistics Institute of Spain said last July. Since then, figures have increased.
More than 40,000 Spaniards emigrated between January and the end of June 2012, compared with 28,000 the period in 2011, the institute said. Another 230,000 foreigners who had been living in Spain left the country in that 6-month period last year. Where are they going? Germany, the UK and France. Same as it ever was.

The sacred market re-shufles its labour units.

More than 40.000 left over a space of SIX months, yet these unemployment figures show a reduction of nearly 60,000 people in ONE month. Emigration will be a factor in those 60,000 but most is job creation, which is fantastic to see in the country with Europe’s highest unemployment rate.

What is their overall unemployment rate now?

23% for Spaniards
35% for foreign workers.

Accurate portrait of Spain’s reality, yes. You’ve probably already realized Spain has some of the worst politicians in Europe (the world).

Its the same here in Ireland. Once the unemployed man/woman is on a government course they are no longer classified as unemployed. Realistically the Irish unemployment rate is probably closer to 18%.

Thanks for the information, Ian. I had no idea you did it same way. IMHO that’s very stupid, it’s like lying to yourself saying things are not *so* bad when they actually are.

Emigration only accounts for less than half the unemployment reduction.

You spelled fail wrong David.

Explain David please ??

Explain David?

Easy.
He’s a free market neoliberal straw-grasper.

In theory all the austerity they have implemented (€39bn if you look at the link at the end of the article) should have caused an increase in unemployment. Instead we’ve seen a decrease in unemployment.

Cynics say it’s all emigration but that’s not possible when only 40,000 left Spain in the first half of 2012. There’s no way that figure rose to 60,000 for a single month at the end of the year.

It contradicts those who say austeritty isn’t working.

Even in Ireland, where austerity has been the deepest across Europe we’re seeing continued inward investment, strong exports, a boost in retail sales and a slow but steady decrease in unemployment.

It must be awkward to be a socialist when your theory is blown out of the water right before your very eyes.

Austerity has been deeper in Ireland than Greece?
How are you measuring that?

And then some are more austerasised than others.
We are most definitely NOT all in it together.

And is everyone who challenges you a commie?

@David

“It contradicts those who say austeritty isn’t working”

It doesn’t. Unless you can come up with a reason why austerity did the things you claim it did, you can’t claim causality. In the same way that just because a Fine Gael minister turns up at a job opening doesn’t mean they had anything to do with it.

“Even in Ireland, where austerity has been the deepest across Europe we’re seeing continued inward investment, strong exports, a boost in retail sales and a slow but steady decrease in unemployment”

No we haven’t, unemployment is the same.

You’re forgetting the whole point of austerity, that which you hide from the electorate with all these buzzwords like investment, jobs and growth. Austerity is supposed to cause unemployment, at least in the short term. Cutting spending/increasing taxes leads to lower aggregate demand, businesses in turn adapt and trim off the excess (assuming they can) or fail, it’s like Darwinism for companies. This inevitably causes cutbacks like job losses, as wages are “sticky downwards” to borrow an economic term. Eventually people are unemployed for so long that they break union ranks, accept lower wages and working standards, and things go back to normal. Its great for businesses (or as you might remember them, political donators) that love bad work practices. That’s the theory behind austerity, and if you claim it works, that’s how it’s done. You have already seen the drop in wages in programs like jobsbridge, and the breaking of union ranks in teachers and nurses unions where new entrants are being screwed over. So do us a favour, quit endorsing an economic program that benefits big business by crushing the spirit of workers, or finish the job by cutting minimum wage like you and your cronies eventually plan to.

It looks totally genuine to me, actually. And I’ve been there some times…