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04.07.2016 07:08 Spanish economy showing signs of accelerated recovery - unemployment at record lows

04.07.2016 07:08

Spanish economy showing signs of accelerated recovery - unemployment at record lows

The number of unemployed registered at the offices of the Public Employment Services has fallen by 124,349 people in June from the previous month. This reduction is the second largest in the historical series, surpassed only by that of June 2013. Thus, the total number of registered unemployed stood at 3,767,054, the lowest since September 2009.


In seasonally adjusted terms, unemployment reduced by 48,579 people in June. It is the largest reduction of the entire series in June. The monthly change of seasonally adjusted unemployment has fallen in 37 of the last 38 months.


In the last 12 months unemployment has fallen by 353,250 people. The annual rate of decline in registered unemployment stood at 8.57% in June, the best figure since 1999.


Unemployment among young people under 25 is reduced in June at 24,522 people (-7.55%) compared to the previous month.



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