Spain unemployment marks biggest drop since 1996

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Spain

Spain’s unemployment logged its biggest drop since the historical series began in 1996, the Labor Ministry said on Wednesday.

The number of registered unemployed fell by 129,378 from the previous month to 3.78 million in May, following April’s decline of 39,012. In the same period last year, unemployment grew by 26,573.

The registered unemployment was down 3.31 per cent, the largest fall on record.

Data showed that unemployment declined in all sectors in May.

In services, unemployment fell by 93,327 and by 9,403 in the manufacturing industry. Unemployment in agriculture decreased by 9,155 and it fell by 8,149 in construction.

Unemployment among young people aged below 25 years decreased by 32,990, or 9.27 per cent, compared to the previous month.

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