- POSTED: 04 Aug 2014 17:20
Spain's jobless queue shrank a little in July, the government said on Monday (August 4), as the summer tourism season opened.
MADRID: Spain's jobless queue shrank a little in July, the government said Monday (August 4), as the summer tourism season opened. The number of people registered as unemployed fell month-on-month by 29,841 people, or 0.67 percent, to 4.42 million in July, the Labour Ministry said.
It was the sixth straight month showing a decline in the number of people who have registered as unemployed. When corrected to smooth out seasonal blips, however, the number of registered unemployed actually rose by 32,357 people in July.
Spain's economy relies heavily on tourism and the labour market usually enjoys a boost in hiring during the summer months.
Spain's unemployment rate slipped below 25 percent in the second quarter of this year, a separate report showed last month, as the economy enjoyed a gradual recovery after emerging in mid-2013 from a two-year recession. The unemployment rate fell to 24.47 percent in the second quarter from 25.93 percent in the previous quarter, according to the broad, household survey, which provides the official unemployment rate.