World Economy

Spain Jobless Rate Falls

Spain Jobless Rate FallsSpain Jobless Rate Falls

Spain’s jobless queue shrank sharply last year, dropping by 9.5%, the labor ministry said Wednesday, as unemployment continues to recede from the record highs seen during the 2013 crisis, AFP reported. The ministry said 3.7 million people were registered as out of work last year, nearly 400,000 fewer than in 2015, the biggest-ever yearly reduction. The official jobless rate—which measures the number of people out of work as a proportion of the working population—will be published later this month by Spain’s statistics agency.

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