Jobless rate falls to lowest for three years

26th October 2004, Comments 0 comments

26 October 2004, MADRID -Spain's unemployment rate fell to its lowest level for three years, the national statistics office said Tuesday.

26 October 2004

MADRID -Spain's unemployment rate fell to its lowest level for three years, the national statistics office said Tuesday.

The jobless rate dipped slightly to 10.54 percent of the working population in the third quarter of 2004.

The number of people out of work fell by 61,300 in the past three months to 2,013,300.

The unemployment has not been so low since the third quarter of 2001, when 10.2 percent of workers did not have a job.

The latest figures showed a fall from from 10.93 percent in the second quarter and 11.38 percent in the first, analysts said.

In both the 12-member eurozone and 25-nation European Union the jobless rate in August was stable at 9 percent compared with July.

Meanwhile, in a separate report, Spain's chambers of commerce said business confidence has declined in the current quarter despite the approach of the end-of-the-year holidays.

"Uncertainty over the international economy is affecting the confidence of businesses, notably in causing delays in investment decisions," the chambers
said in a statement.

[Copyright EFE with Expatica]

Subject: Spanish news

0 Comments To This Article