Thursday, July 30, 2015   

Spain sees smaller jobless queue in May
(06-03 16:52)

Spain's jobless queue shrank dramatically in May, the government said Tuesday, encouraging news for an economy gingerly recovering from a long, job-wrecking downturn.
The number of people registered as unemployed fell by 111,916 from the previous month to 4.57 million, the steepest decline for the month of May since 1998, the Labor Ministry said, AFP report.s
Once corrected to smooth out seasonal blips, the unemployment queue eased by a more modest 26,604 people, it said.
Spain's overall unemployment rate actually rose to 25.93 percent in the first quarter of 2014 from 25.73 percent in the previous three months, according to a broader, household survey released last month.
Many people departed the workforce by retiring, leaving the country in search of work elsewhere or simply giving up the job hunt, the figures showed.
Spain's economy emerged in mid-2013 from five years of stop-start recession, showing a gradual but modest increase in activity since then.
Unemployment remains a daunting challenge for Prime Minister Mariano Rajoy's conservative government, however, six years after a decade-long property bubble imploded in 2008, wiping out millions of jobs and sparking a double-dip recession.
Meanwhile in Italy, the unemployment rate held steady in April at 12.6 percent, the national statistics agency Istat said Tuesday.   
Other Business breaking news:
Fujitsu books heavy quarterly loss (58 mins ago)
US stocks rise after Fed statement (1 hr 52 mins ago)
Hang Seng lower (2 hrs 2 mins ago)
Nikkei up by 1.3pc at break (2 hrs 3 mins ago)
Oil prices climb in Asia (2 hrs 11 mins ago)
Shanghai stocks lower (2 hrs 14 mins ago)
Fed charts cautious path to rates move while raising inflation concerns (2 hrs 25 mins ago)
(Greece crisis) Tsipras challenges party dissenters to back reforms (07-29 20:08)
Fed may not signal exact rates move timing (07-29 19:54)
Avic unit dumps exec over stock trades amid market turmoil (07-29 19:15)

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.