Jobless below 10pc for first time since 1979

29th July 2005, Comments 0 comments

29 July 2005, MADRID – Unemployment in Spain has fallen to less than 10 percent for the first time since 1979.

29 July 2005

MADRID – Unemployment in Spain has fallen to less than 10 percent for the first time since 1979.

On Friday, the latest figures showed the number of unemployed people had fallen by 154,300 people during the three months until June, falling to 1,944,700 – a cut of 9.33 percent.

Experts said although the recording of unemployment statistics had been changed several times over the years by the National Statistics Institute, it was clear that the latest drop had only been matched in 1979 when there was a fall of 9.45 percent.

The figures also show women are catching up with men in finding work. In the second three months of this year, there were 100,000 fewer unemployed women, compared to the period January-March.

In the case of men, there were 51,000 fewer unemployed by June.

That puts the female employment rate at 12.22 percent, compared to the male rate of 7.29 percent.

Foreigners, though, are faring worse than Spaniards on the job market, according to the figures, with an 11.61 percent unemployment rate.

[Copyright EFE with Expatica]

Subject: Spanish news

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