Spanish unemployment total falls

 

The number of people registered as unemployed in Spain has fallen, bringing some cheer as the country looks to emerge from recession in 2013.

Labour ministry figures released today show the registered jobless figure dropped by 59,094 in December compared to November, making for a rounded total of 4.8 million people listed as unemployed.

Spain is in the throes of its second recession in just over three years. Its economy has been battered by a collapse in the once-key property sector.

Over the whole year, some 426,000 people joined the unemployed ranks, an increase of 9.6 per cent on 2011.

Spain’s unemployment rate was 25 per cent at the end of the third quarter.

Germany’s unemployment rate crept up to 6.7 per cent in December due to seasonal factors and a more sluggish economy, but the labour market remained robust and the average number of people out of work last year was the lowest in more than two decades.

The unadjusted jobless rate rose from 6.5 per cent in November, the Federal Labour Agency said. Some 2.84 million people were registered unemployed in Germany, Europe’s biggest economy — 80,000 more than the previous month and 60,000 higher than a year earlier.

Germany’s economy has enjoyed robust growth that kept down unemployment even as many debt-troubled European partners have seen output shrink and joblessness soar.

Still, the economy saw slower growth in 2012 than in previous years. Official growth figures for 2012 are due on January 15th; the government has forecast growth of 0.8 per cent.

The Irish Times Logo
Commenting on The Irish Times has changed. To comment you must now be an Irish Times subscriber.
SUBSCRIBE
GO BACK
Error Image
The account details entered are not currently associated with an Irish Times subscription. Please subscribe to sign in to comment.
Comment Sign In

Forgot password?
The Irish Times Logo
Thank you
You should receive instructions for resetting your password. When you have reset your password, you can Sign In.
The Irish Times Logo
Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.
Screen Name Selection

Hello

Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.

The Irish Times Logo
Commenting on The Irish Times has changed. To comment you must now be an Irish Times subscriber.
SUBSCRIBE
Forgot Password
Please enter your email address so we can send you a link to reset your password.

Sign In

Your Comments
We reserve the right to remove any content at any time from this Community, including without limitation if it violates the Community Standards. We ask that you report content that you in good faith believe violates the above rules by clicking the Flag link next to the offending comment or by filling out this form. New comments are only accepted for 3 days from the date of publication.