The weak Spanish economy proves its frail outlook further each day, which further complicates the situation since Spain is under pressure from markets to also control its debt and with a fragile economy the outlook keeps worsening.

The Spanish unemployment in the third quarter rose to an abysmal 21.5% from 20.89% in the second quarter according to data released today on Friday from the INE institute.

Unemployment increased the most in construction and services sectors, and the aggregate unemployed force rose to 4.98 million in the quarter. The Spanish unemployment remains the highest among developed economies and highlights the need for strict economic policies to revive growth and help lower unemployment.