Unemployment falls to lowest point since 1979

27th October 2006, Comments 0 comments

27 October 2006, MADRID — The number of people out of work fell to its lowest point since 1979, according to figures published on Friday.

27 October 2006

MADRID — The number of people out of work fell to its lowest point since 1979, according to figures published on Friday.

The National Institute of Statistics said unemployment fell by 72,000 in the third quarter of the year.

The total number of people out of work now stands at 1,765,000  - or 8.15 percent of the 'economically active' population.

This is the lowest figure for 27 years.

Also, between July and September, more 200,000 new jobs were created, said analysts.

The number of people looking for work or in work rose by 130,000.

Of the 200,000 new jobs created in the summer, 109,000 were taken up by Spaniards, while the rest were occupied by foreigners –a rise of 3 percent compared with the previous quarter.

All sectors except agriculture saw rises, where there were 44,000 less jobs.

The biggest increase was seen in the service sector, followed by building and industry.

[Copyright EFE with Expatica]

Subject: Spanish news

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