Friday, December 19, 2014   

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:
UK retail sales surge thanks to 'Black Friday' (12-18 18:31)
Cautious Japanese firms holding record assets: BoJ (12-18 17:24)
German business confidence grows in December (12-18 17:23)
Swiss central bank introduces negative interest rate (12-18 17:03)
Hang Seng finishes higher, Shanghai down (12-18 16:35)
Ruble rallies in early trading on day of Putin press conference (12-18 15:42)
Nikkei soars on weaker yen (12-18 14:59)
Hang Seng up by lunch (12-18 12:35)
Fed says can be 'patient' on rate rise (12-18 12:11)
China's home prices continue to cool, declines narrowing (12-18 12:09)

More breaking news >>

© 2014 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 2014, 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.