Spain jobless benefit recipients fell 93,000 in June to 4.6 million, the third straight monthly decline, as hiring ramped up for summer tourism
July 3, 2012
– The number of people claiming unemployment benefits in Spain went down sharply in June as employers embarked on a hiring spree to prepare for the country's busy summer tourism season.
Spain's Labor Ministry is reporting that the number of those receiving jobless benefits fell by nearly 99,000 to 4.6 million people. It was the third straight monthly decline.
The ministry said in a statement Tuesday that the decline in those getting benefits was the largest drop for June ever recorded.
The nation's unemployment rate is released separately and quarterly. It stood at 24.4 percent at the end of March — the highest rate among the 17 nations that use the euro. Spain's jobless rate is 52 percent for those under age 25.
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