MADRID, Oct 27, (APP/AFP) – Spain’s unemployment fell below 20 percent for the first time in six years, official figures showed Thursday, in good news for acting Prime Minister Mariano Rajoy as he prepares to take power again. The country’s jobless rate dropped to 18.9 percent in the third quarter, said the National Statistics Institute (INE), thanks in large part to the services sector during a bountiful summer season for tourism. But far from welcoming the news, UGT, one of Spain’s most influential unions, said many of the new jobs created were temporary and precarious. INE said that the number of people without a job fell 5.6 percent from the previous quarter, and 10.9 percent year-on-year. This means 4.3 million people still remain out of work, the institute said. The last time Spain’s jobless rate fell below 20 percent was in the third quarter of 2010.
International News
Spain jobless under 20 pct for first time in six years
