POST Online Media Lite Edition



 

Spanish unemployment continues to fall in March

Staff Writer |
Unemployment continued to fall at a steady clip in Spain during the month of March, although temporary hiring still accounted for the bulk of new jobs.

Article continues below






The number of people out of work declined by 48,559 in non-seasonally adjusted terms to reach 3.702m, according to the Labour Ministry in Madrid.

On average, over the past eight years unemployment had risen by 11,585 in March.

In parallel, the number of people employed increased by 161,752 to 17.910m; that was was the largest increase since 2002 despite Easter falling this year one month later than in 2016, in April.

Upon seasonal adjustment the drop in the number of unemployed was 30,819 for a 9.6% drop year-on-year, the largest on record.

Unemployment fell by the most in services, where it declined by 1.57% or 39,333 and in Construction, where it fell by 2.44% or 8,830. The fall in industrial unemployment was 5,659 or 1.66%.

However, of the 1.732m contracts signed in March, only 14.8% or 223,892 were for staff positions.


What to read next

Fall in Scottish unemployment, says ONS
Spain unemployment logs record decline
Unemployment rate remains at lowest level in UK in over decade