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Spain's slow, steady reduction in unemployment


economy

Spain's slow, steady reduction in unemployment

Spain’s unemployment rate fell for the fourth consecutive month in May.

Labour Ministry data showed 117,985 fewer people were registered as being out of work in May.

That drop constituted a reduction of 2.7 percent in the joblessness rate compared to the previous month.

But nearly one in four people in Spain remain out of work, as the country continues to battle one of the highest unemployment rates in Europe.

“The economic recovery in Spain is not cyclical, but structural,” Prime Minister Mariano Rajoy said in response to the figures, repeating his pledge that at least 20 million people will be registered as working by 2019.

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