|Spain's unemployment falls to 26.26 percent in 2Q||| Print ||
|Written by Associated Press|
|Thursday, 25 July 2013 06:35|
MADRID (AP) — Spain's National Statistics Institute says the country's jobless rate dropped by 0.9 percentage points to 26.26 percent in the second quarter of 2013, sorely needed good news for an economy mired in recession for most of the past four years.
The institute said Thursday the number of people out of work dropped by 225,200 April through to June to 5.87 million.
The rate had reached a record 27.16 percent in the first quarter.
The reduction comes amid increasing optimism within the conservative government that its reforms and austerity measures are finally paying off.
The Bank of Spain said recently the economy contracted in the second quarter but by a smaller amount than the previous three months. It predicts the economy could start growing again in the third quarter.
Copyright 2013 The Associated Press.
Front Page Stories
|Vigil set for BGSU student
07/24/2014 | Associated Press
CLEVELAND (AP) — A vigil for a Bowling Green State University student who was found dead in Lorain [ ... ]
|BG park and rec fees to increase|
07/24/2014 | PETER KUEBECK, Sentinel City Editor
The Bowling Green Park Board Tuesday night approved a slate of fee increases to [ ... ]