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February sees slight fall in total of Spanish jobseekers

February sees slight fall in total of Spanish jobseekers
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The number of people registered as without a job in Spain fell last month from January.

It is the first time the total has gone down in February since 2007 and the start of the global financial crisis.

The numbers are a further sign that Spain’s economy is recovering, but also show it has a very long way to go.

The reduction was 0.04 percent, or 1,949 people. That left 4.8 million out of work.

Quarterly surveys of households, which economists believe give a more accurate picture, showed Spain’s unemployment rate at 26 percent of the workforce in the fourth quarter of last year, with six million people out of work.