Spain's jobless numbers slide in June on slow recovery: gov't data
July 3, 2014, 12:05 am TWN
MADRID--Spain's unemployment line shrank in June as the economy slowly recovered after emerging in mid-2013 from a two-year recession, the government said Wednesday.
The number of people registered as unemployed in Spain's economy, the fourth-largest in the eurozone, fell by 122,684 from the previous month to 4.45 million in June, the Labour Ministry said in a monthly report.
Once corrected to smooth out seasonal blips, the number of people registered as unemployed fell by a more modest 16,113 people in June — the 11th consecutive monthly decline, it said.
“It is the longest declining trend recorded since 1999,” State Secretary for Employment Engracia Hidalgo said in a statement.
Spain's overall unemployment rate rose to 25.93 percent in the first quarter of 2014 from 25.73 percent in the previous three months, according to a broader, household survey.