Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spain's Q3 unemployment rate falls to lowest since 2008

Source: Reuters - Thu 26th Oct 2017
Spain's Q3 unemployment rate falls to lowest since 2008

Spain’s unemployment rate fell to its lowest level in almost nine years in the third quarter, mostly boosted by jobs growth in the services industry, underlining a recovery from a prolonged economic slump, data showed on Thursday.

Spain’s unemployment rate soared to nearly 27% at the beginning of 2013, the height of the economic crisis, after a burst property bubble and sliding consumer spending almost forced Spain to request a full sovereign bailout.

Since the economy turned, around mid-2013, growth has broadly held above the European average and is expected to top 3.0% this year, boosted by rising domestic demand and helping create jobs, especially in the services sector.

In Q3, the unemployment rate fell to 16.38%, according to the National Statistics Institute, down from 17.22% in the previous quarter and slightly below a Reuters poll of 16.50%.

“More than 2 million jobs have been created since the worst point of the crisis ... so these are positive figures,” Economy Minister Luis de Guindos said during a radio interview.

The workforce, or the total number of people in, or available, for work, was down from a year earlier by 67,400 people while the total number of employed rose 521,700 to 19.05 million.

Of those, just over 300,000 jobs were created in the service sector, while employment rose by 139,400 in industry, 33,200 in agriculture and by 47,400 in construction, lifted by rising real estate demand and prices.

Recommended Reading :

* Spain's July jobless falls by 0.8% m-m to 3.3Mln

* Direct Catalonia crisis key risk to Spain rating : S&P

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs

When shopping for bodyjewelrytips, never buy anything that has nickel. The best type of material is the steel, titanium, wood, anodized gold or gold. Most nickel products will rust and may infect your ear. If you have pierced the naval or eye, you do not need to worry, as that is the most versatile part of the body. You can wear rings, straight, curved or fancy and captive beads. There are many leading body piercing jewelry that offer some of the biggest collection at very affordable price. In regard to shopping, always go to a wholesale shape as that is the sure place of getting any type of body piercing jewelry. The only thing that you need to be careful about is the material used to make the jewelry. There are instances when body piercing might go wrong and the result is an infection. In order to avoid this, make sure that the person doing the piercing is qualified to do so. After piercing is done Bodys piercing trends, you should keep the area sterilized and clean. Use warm water to wipe dirt. Never use spirits as they will corrode the area resulting to a wound which might cause an infection.