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Spain — Unemployment falls for the first time in eight months

04 May 2010

The latest statistics published today by the Public Employment Service (SEPE, previously INEM), reveal that unemployment fell by -0.58% or -24,188 individuals in April 2010 when compared to the previous month. Compared to April 2009 unemployment was up by +13.6% or 497,545 individuals.

Month-on-month Unemployment in the construction industry fell by -1.9%. Unemployment in the services sector fell by -0.5%. It fell by -1.1% in industry but rose by +3.3% in agriculture.

Youth unemployment fell by -1.3% compared to the previous month. Unemployment among the 25+ year olds fell by -0.5% in the same period.

Maravillas Rojo, Secretary General for Employment, commented "this reduction in unemployment is the first in eight months and it contrasts with the increase in unemployment of roughly 40,000 people in the same month of the last two years. This is an indication that we are gradually moving back to the labour market evolution we had before the economic crisis."

To read the full statistics in Spanish language please click here



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