The Spanish unemployment figure fell by 129,281 in April, a decrease of 3.49% and the biggest single monthly drop ever reported, according to the Ministry of Employment.
The total number of people out of work in Spain stands at 3,573,036, over 1.4 million less than four years ago. Over the past 12 months 438,000 people have found employment.
Around Easter time unemployment levels always drop due to an increase in visitor numbers and job offers, which is why the unemployment numbers for April are so positive.
Unemployment fell in all 17 of Spain’s regions with the sharpest decline registered in the Balearic Islands, where unemployment fell by 17.6%, followed by Aragón (-5.2%) and Navarra (-4.9%). The Balearics also saw a similar year-on-year decline in unemployment rates and again measured the biggest decline, followed by Aragón (-16.2%) and La Rioja (-14.7%).
The drop in unemployment comes as great news for the Spanish economy which is going from strength the strength; GDP grew by 0.8% in Q1 and along with France experienced the fastest economic growth in the eurozone.
Source: Spanish News Today