Unemployment drops for fourth month running

2nd June 2006, Comments 0 comments

2 June 2006, MADRID – Unemployment in Spain fell for the fourth consecutive month in May, according to figures released on Friday.

2 June 2006

MADRID – Unemployment in Spain fell for the fourth consecutive month in May, according to figures released on Friday.

The Department of Labour said 71,148 fewer people were out of work in May, 3.4 percent less than the previous month – the second highest fall in a month of May after last May.

That leaves 2,004,528 individuals looking for work.

A total of 1,637,566 contracts were signed last month – the highest ever figure recorded in May of any year since figures have been kept and the second highest ever.

Of all the new contracts signed, 10.1 percent of the total were indefinite contracts, some 166,868.

Male unemployment fell further than the rate among women – 4.7 percent, compared to 2.6 percent.

[Copyright EFE with Expatica]

Subject: Spanish news

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