Foreign

Spain records lower unemployment in July

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The Spanish Government on Tuesday said the rate of unemployment declined slightly in July compared to the previous month, in spite drastic measures implemented to fight the spread of the coronavirus.


According to the Labour Ministry, the number of unemployed people declined by 2.3 per cent, or circa 90,000 people, to 3.8 million.

However, analysts were surprised by the result, as predictions had said the number would rise by 20,000.

The figures indicate the Spanish labour market was recovering after unemployment numbers rose by 302,000 in March and 283,000 in April, but only 26,500 additional people were reported unemployed in May and 5,100 in June.

This, they said, marked an ever smaller increase in the rate of unemployment in the country.

The impact of the coronavirus crisis was more apparent in comparison to 2019, however, unemployment in July was 25 per cent higher than in July 2019.

YI/ MNA

Edited By: Yahaya Isah/Maureen Atuonwu (NAN)

https://nnn.ng/spain-records-lower-unemployment-in-july/

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