Wednesday, 5 June 2013

Spain posts surprisingly strong dip in jobless numbers

People wait in a queue to enter a government-run employment office in Madrid 
REUTERS/Sergio Perez


The government in Spain has said the number of unemployed people in the country has gone down markedly in recent weeks. It was a rare piece of good news from a national economy still stuck in recession. 

The Spanish Labor Ministry announced the number of people registered as unemployed fell by almost 2 percent in May or 98,000 people, leaving 4.89 million out of work in the southern European nation.

The ministry viewed the figures as a gratifying sign, saying they were boosting hopes for a fledgling recovery of an economy still reeling from a 2008 real estate market crash.

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