• Rich man, poor man

    Culture change from below is the only way to overcome poverty, says Leopold Scholtz.

  • Tech bubble talk

    After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.

  • Money creation made easy

    Changing the money creation system may be simpler than we think, says Edward Ingram.

Data provided by McGregor BFA
All data is delayed
Loading...
See More

Spain jobless numbers slide in June

Jul 03 2012 10:25 AFP

Related Articles

Strings attached to Spain bank aid

Ratings cut for Spanish banks

Spain makes formal banking aid request

New dangers lurk for rudderless Spain

Spain expected to seek bank aid

Basque success story

 

Madrid - Spain said on Tuesday its jobless numbers tumbled by nearly 100 000 people in June, traditionally a bumper month for employment as the tourism season kicks in.

The number of people registered as unemployed fell by 98 853, or 2.1%, to 4.62 million in June from the previous month, the Labour Ministry said in a statement.

It was the steepest fall in unemployment numbers for the month of June since the series began in 1996, it said.

"June is traditionally good for the unemployment queue but we have never reached a decline of nearly 100 000 people," said Spain's state secretary for labour, Engracia Hidalgo.

"We will have to follow the development of the unemployment figures after this good data for June to verify whether we are turning towards a positive trend," she said in the statement.

The ministry's monthly tally is based on the number of people registering as unemployed.

A broader, quarterly household survey by the National Statistics Institute provides the official unemployment rate, which hit 24.4% in the first quarter of 2012.

Prime Minister Mariano Rajoy's conservative government has forecast an end-2012 unemployment of 24.3% in the recession-bound economy, but expects it to edge slightly lower in 2013.

spain  |  unemployment
NEXT ON FIN24X

Rich man, poor man

53 minutes ago

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

Cope loses members to ANC

President of the Cope Youth Movement, Abel Rangata, and three other Cope members have resigned from the party to join the ANC.

 
 

Latest elections multimedia

11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille
The EFF's ad was banned, see why
Why Jack Parow wants you to vote on 7 May

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...