spains jobless rate at 4year low of 212
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Spain's jobless rate at 4-year low of 21.2%

Arab Today, arab today

Arab Today, arab today Spain's jobless rate at 4-year low of 21.2%

Government employment office
Madrid - AFP

Spain's unemployment rate fell to 21.2 percent in the second quarter, its lowest level in four years, official data showed Thursday, in a further sign of recovery in the eurozone's fourth-largest economy.

But the rate is still the highest in the eurozone after Greece's and unemployment is a top voter concern as conservative Prime Minister Mariano Rajoy prepares for a tight general election on December 20.

In the busy July to September tourism period, when many Spanish companies take on new staff, the unemployment rate was 21.18 percent, down from 22.37 percent in the previous quarter, the National Statistics Institute said.

The number of people looking for work in Spain fell by 298,200 in the third quarter over the previous quarter to 4.85 million. its lowest level since the second quarter of 2011, the statistics office said.

Spain emerged in 2013 from five years of on-off recession and the government forecasts the economy will grow by 3.3 percent this year -- more than twice the average forecast for eurozone countries.

Rajoy credits new rules adopted in 2012 for making it cheaper for firms to lay off workers and limiting the power of unions to negotiate collective-bargaining agreements across entire industries or regions for the recovery.

But the reforms have cost him voter support. The ruling Popular Party secured an absolute majority four years ago but polls show it is running neck and neck with the main opposition Socialist party.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

spains jobless rate at 4year low of 212 spains jobless rate at 4year low of 212

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

spains jobless rate at 4year low of 212 spains jobless rate at 4year low of 212

 



GMT 22:11 2017 Friday ,01 September

Democrat Party meets to consolidate amid `storms`

GMT 13:22 2017 Friday ,01 December

Maged Al Masry happy for "The Flood" success

GMT 07:13 2017 Thursday ,14 September

Carmakers see promise of bonanza in eastern Europe

GMT 14:22 2014 Wednesday ,02 April

Hobby Lobby invests in contraception manufacturers
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday