Unemployment levels in Spain just keep on falling and the running 12 monthly total reveals there is no sign of it slowing down.
The number of people registered as unemployed across Spain fell by 3.1% in May, representing a drop of 111,908 to 3,461,128, according to figure released from Spain’s Ministry of Employment.
Growth in the Spanish economy is driving employment levels up along with a return in consumer confidence.
During May unemployment fell in all of Spain’s Autonomous regions, with the most significant decrease occurring in the Balearic Islands (14.2%). Aragón, Extremadura and La Rioja saw jobless totals fall by 6.5%, 5% and 4.9%, respectively.
In the last twelve months unemployment numbers have fallen by 11.1%, just over 430,000. Within that same period Aragón recorded a 17.2% decline,the most significant fall out of all the regions, closely followed by the Balearics (17.1%), Catalunya (12.9%) and Andalucia (12.3%).
If we compare figures from May 2013 we can see that unemployment rates have fallen by a staggering 1.5 million, a sure sign that the country is over the worst of the financial crisis.
(For all your Spanish labour, payroll, social security and general personnel related matters in the Marbella area contact us at Fideso Tax and Legal Services Marbella)
Information source from: Spanish News Today!
Tags: Payroll, Spanish economy, Spanish Labour, Unemployment Spain