The number of people unemployed in Spain fell by 390,000 in 2016, according to the latest data published by the Ministry of Employment.
By the end of the year unemployment levels in Spain fell by 9.54% to 3,702,974, the largest fall in unemployment the country has ever seen.
In 2012 there were a staggering 4.8million people unemployed in Spain and although the country still has the second highest unemployment levels in the EU, the economic crisis seems to have turned a corner.
During December alone the number of people unemployed in Spain fell by 87,000, due to an increase in the number of temporary job positions available over the festive period.
In the same period unemployment figures fell in 13 of Spain’s regions with Andalucia experiencing a 4.3% reduction in the number of people unemployed there. Madrid and the Canary Islands saw figures fall by 2.7% each followed by a 2.65% decrease in Murcia.
Out of the whole of 2016 every Autonomous Community in Spain saw unemployment figures fall and unemployment amongst the under-25’s fell by an impressive 13.9%, a positive sign that the country has overcome the worse of the financial crash and the economy is indeed on the road to recovery.
Tags: Unemployment Spain