💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Spain's December jobless falls to 15-year low

Published 01/03/2023, 03:03 AM
Updated 01/03/2023, 05:26 AM
© Reuters. FILE PHOTO: A waiter wearing a face mask carries a bag with milk as he walks to the restaurant where he works, amid the coronavirus disease (COVID-19) pandemic in Barcelona, Spain February 1, 2022. REUTERS/Nacho Doce

(Reuters) -The number of people registering as jobless in Spain fell slightly in December from a month earlier, ending 2022 at a 15-year low, data from the Labour Ministry showed on Tuesday.

The number of jobless fell by 1.52%, or by 43,727 people, leaving 2.84 million people out of work.

It is the lowest rate since 2007, when 2.2 million were out of work.

"This data shows that labour protection measures are working," Labour Minister Yolanda Diaz said in a post on Twitter.

Spain lost 8,347 net formal jobs in December to 20.31 million jobs, after November's record high job creation, a separate report from the Social Security Ministry showed.

© Reuters. A saleswoman cleans the display of a clothing store in Ronda, southern Spain, January 3, 2023. REUTERS/Jon Nazca

Unemployment of young people under 25 decreased 5.86% in December, by 12,185 people, compared with the previous month and reaching a record low of 195,751 people.

"The youngest workers have benefited the most from the approval of the labour reform, signing 1.9 million more contracts than in 2019," Diaz said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.