Spanish jobless queues shrink in May

2nd June 2011, Comments 0 comments

Spain's jobless queues shrank in May for the second month running, the government said Thursday.

But the number of job seekers remained well over four million people, declining 1.87 percent from the previous month to 4.19 million, the Labour Ministry figures showed.

The figure was up 3.04 percent from a year earlier, however.

Unemployment had peaked in March at 4.33 million people -- the highest number since these figures were first collated in their current format in 1996, it said.

The Spanish unemployment rate hit 21.29 percent in the first quarter of 2011, the highest in the industrialized world, according to separate figures released earlier by the National Statistics Institute.

© 2011 AFP

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