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

Applicants for Spanish unemployment benefits falls

Wed 4th May 2011

The Ministry of Labor and Immigration earlier today reported how the number of applications for unemployment benefit decreased by 64,000 last month.

This decline, the first of year, brings the total number of individuals receiving benefit to just below 4.27 million.

The unemployment rate of the country is calculated and reported as a separate issue and by a different agency every quarter, and currently stands at a eurozone high of 21.3% percent, leaving over 4.9 million unemployed. The variation in the statistics is due to unemployment benefits expiring after a certain period of time, and therefore the applicant is no longer eligible to claim for this financial support from the state.

Although this report does not necessarily reflect falling unemployment rates, the Prime Minister welcomed the decline and said how this could mean that Spain will see the overall creation of jobs in the second half of 2011, as his government had predicted.

Comment on this Story

 
Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs