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Spainís jobless claims show biggest June drop in a decade

Source: El Pais - Wed 6th Jul 2016
Spainís jobless claims show biggest June drop in a decade

June was a good month for the Spanish job market. There were 124,349 fewer jobless claims, the biggest drop for a month of June in a decade, bringing the total of people registered as unemployed to 3,767,054, according to Labor Ministry figures.

Meanwhile, Social Security affiliations, considered a measure of job creation, rose by 98,432 for a total of 17,760,271 in employment.

The high season for tourism has been driving most of the job market growth, but all sectors of the economy have been posting improved figures. Only education has sustained a drop in Social Security contributors, due to the end of the school year, followed by leisure and entertainment.

The hospitality industry added the highest number of new workers (38,337), followed by retail trade (27,936), administrative activities (18,587), manufacturing (14,031) and construction (11,468).

Recommended Reading :

* Spain : 5 Million unemployed and still understaffed

* Spain breaks its own record for joblessness of over 20%

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