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UNEMPLOYMENT DROPS FOR FIRST TIME IN 6 YEARS

UNEMPLOYMENT DROPS FOR FIRST TIME IN 6 YEARS

Unemployment fell by 69,000 people in 2013 compared to 2012, a reduction of 1.1%, seeing the first annual decline since 2007. Official figures now show the total number of registered unemployed people in Spain to be 5,896,300, the lowest level since the third quarter of 2012.

Despite the positive annual figures, the unemployment rate climbed at the end of 2013 to 26.03%, an increase on quarter 2, but almost identical to the 26.02% of the final quarter of 2012, according to data from the Labour Force Survey made public by the National Statistics Institute.

However, the annual decline shows a significant change in stability and breaks the trend of the last six years, with an increase in 2007 of 117,000 people, 1,280,300 in 2008, 1,118,600 in 2009, 370,100 in 2010, 577,000 in 2011 and nearly 700,000 people in 2012.

Filed under: http://www.theleader.info/article/42338/

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