BREAKING NEWS

BREAKING NEWS

Jobless rate in Spain falls to lowest level in over three years

Now Reading:

Jobless rate in Spain falls to lowest level in over three years

Text size Aa Aa

The jobless rate in Spain for the second quarter has fallen to the lowest levels in over three years.

But at 22.4 percent the unemployment rate is still higher than anywhere else in Europe with the exception of crisis-hit Greece. It has not dipped below a fifth of the workforce in five years even after Spain exited recession in mid-2013.

Just over 400,000 jobs were created in the April – June period as summer hiring in the services got underway.

Despite the drip in numbers out of work many Spaniards say they are yet to feel the benefits of this recovery. Wages in some sectors have dropped and many of the new jobs are temporary.