- OP Xtreme
- Business & Finance
- Crime & Law
- Food Drink
- News Features
- Insurance Doctor
- Jack Gaioni
- Legal Issues
- Loud and Clear
- Market Mumbles
- Mistress of Sizzle
- Property Insider
- Road to Riches
- Eating Out
- Andalucia Property Search
- Green Guide Spain
- SITE INFO
- Data Protection
Spain’s crippling unemployment may be on the up
Do you have news for us?
Click to contact the newsdesk!
UNEMPLOYMENT in Spain has fallen below 25% for the first time in two years.
The economy is signalling a revival after an extra 402,000 people secured work in the second quarter of this year.
A seasonal boost in the tourist sector has been flagged as the main reason, which helped to push the official jobless rate down to 24.5%, from 25.9%, in the first three months of the year.
“These figures are much better than expected and, while there’s an important seasonal element, seasonally-adjusted figures are also strong,” said Jose Luis Martinez, an economist at Citi in Madrid.
Before the crisis, unemployment in Spain was just 7%, but this rose dramatically to nearly 27% as a result of the recession.
Reader Comments »
The views expressed in the comments above are those of our users and do not necessarily reflect the views of the Olive Press.
Messages will be moderated or deleted if they:
• Are considered likely to disrupt, provoke, attack or offend others
• Are racist, sexist, homophobic, sexually explicit, abusive or otherwise objectionable
• Contain swear words or other language likely to offend
• Break the law or condone or encourage unlawful activity. This includes breach of copyright, defamation and contempt of court
• Advertise products or services for profit or gain
• Are seen to impersonate someone else
• Include contact details such as phone numbers, postal or email addresses
• Describe or encourage activities which could endanger the safety or well-being of others
• If you have a complaint about a comment please email [email protected]