Number of jobless falls in September
2 October 2007, MADRID - Unemployment, after rising for two consecutive months, fell in September by 10,933 people or 0.5 percent from August, the labour ministry said Tuesday.
2 October 2007
MADRID - Unemployment, after rising for two consecutive months, fell in September by 10,933 people or 0.5 percent from August, the labour ministry said Tuesday.
But the number of people registered as out of work in Spain remained just above the symbolic level of two million at 2,017,363.
The number of jobless had jumped by a record 57,958 people or 2.9 percent in August from July amid signs that a lengthy housing boom was cooling.
It was one of highest ever rises in registered jobless for August, generally a good month in Spain because of tourism. The result prompted the opposition to argue that the economy was running into trouble ahead of a general election set for March 2008.
But Labour Minister Jesus Caldera said the figures for August were "purely short-term" and the economy remained strong.
"In the month of September the figures are positive and normal, there is no crisis," he said during an interview with private radio Cadena Ser.
"With these numbers I dare to say that economic growth in the third quarter was very similar to that recorded in the previous quarter," he added.
The Spanish economy expanded by 0.9 percent in the second quarter compared with the first and expanded 4.0 percent over 12 months, according to national statistics institute INE in a report released in mid-July.
The unemployment rate stood at 7.95 percent of the workforce in the second quarter, its lowest level since the the end of 1978, according to the institute. INE publishes unemployment figures on a quarterly basis.
[Copyright AFP with Expatica]
Subject: Spanish news