News World News

Saturday 23 August 2014

Spain unemployment down in November

Published 03/12/2013 | 09:26

  • Share
Around 4.8 million people are out of work in Spain
The number of people registered as unemployed in Spain has fallen for the first time since the current record system was introduced in 1997

The number of people registered as unemployed in Spain fell by a little under 2,500 in November, official figures show - t he first drop during the month since the current system was introduced in 1997.

  • Share
  • Go To

The decline provided further evidence that the Spanish economy might be picking up after more than two years of recession, which only ended in the third quarter.

Nevertheless, Spain is still suffering from mass unemployment, with around 4.8 million people out of work. That represents around 26% of its total workforce. Only Greece has a higher unemployment rate in the 17-country eurozone.

November, like October and September, normally sees an increase in unemployment as jobs created during the summer tourism dry up. The ministry said today that new jobs in construction and industry were behind the fall.

AP

Press Association

Read More

Editors Choice

Also in World News