SPAIN’S Employment Ministry has published unemployment data for the month of July, giving the country one thing to smile about.
The data showed a drop of 64,866 for the month of July, bringing the total number of unemployed people down to 4,698,814.
The figures are certainly encouraging, but as Prime Minister Rajoy made clear yesterday, the economy is “still not healthy, but it’s getting better.”
Rajoy began his speech yesterday on the so-called ‘Barcenas files’ with the promising data.
He stated Spain is “about to emerge from the recession, the first step to economic recovery.”
He also quoted another impressive statistic, saying that Spanish unemployment is being reduced at a rate of 2,250 per day.
Historically, employment data improves in the second and third quarters of the year due to increased hiring for Easter and summer.
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claro the numbers drop in Juli…a lot of jobs for a few months or weeks…..wait untill september..
about to emerge from recession ? whoeha…they ve been daying that since 2009..and it just gets worse…
As the saying goes, “you can fool some of the people some of the time ” etc. Rajoy seems to be fooling all the people all of the time.