Thursday, May 28, 2015   

More join Spanish jobless rank
(02-04 17:02)

Spain's unemployment queue grew in January but by the smallest margin since 2007, before the economy entered five years of stop-start recession that destroyed millions of jobs, government figures showed Tuesday.
Prime Minister Mariano Rajoy's conservative government hailed the result as a sign that the labor market is steadying as the economy emerges from a double-dip recession sparked by a 2008 property crash, AFP reports.
The number of people registered as unemployed rose month-on-month by 113,097, or 2.41 percent, to 4.81 million in January, according to raw figures from the Labor Ministry.
It was the smallest increase for January since 2007, the report said.
The January figures were "significantly better'' than the average of previous years, said Engracia Hidalgo, the state secretary for employment.
"They confirm the trend of stabilisation of the labour market that began in May 2012,'' she said in a statement.
After correcting the figures to smooth out seasonal blips, the the jobless queue actually fell by 3,907 people in January, the government report said.
Spain's economy, the fourth largest in the eurozone, emerged haltingly from its downturn last year, posting growth rates of just 0.1 percent in the third quarter and 0.3 percent in the final quarter.
The official unemployment rate edged up to 26.03 percent in the final quarter of 2013, according to a separate household survey run by the National Statistics Institute.   
Other Business breaking news:
Hang Seng dips, Shanghai up (05-27 16:20)
European stocks up at open (05-27 15:37)
Strong domestic demand propels German consumer outlook to new high (05-27 14:29)
Nikkei closes on positive note (05-27 14:27)
Yunnan Water climbs at mid-day break (05-27 13:12)
Greenback near eight-year high against yen (05-27 12:47)
Organized crime suspected in US tax data theft (05-27 12:43)
Hang Seng slips at break (05-27 12:12)
China coal output falls in first 4 months of year (05-27 11:55)
Oil prices rebound in Asia (05-27 11:51)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.