Spain’s Unemployment Rate Steady at 26.3 Percent

Spain’s unemployment total remained at 4.7 million in August, government figures show, with the jobless figure dropping by just 31 people last month.

The tiny reduction means the jobless total has now fallen for six months in a row.

Spain’s unemployment rate is 26.3%, the second highest in the eurozone and only below Greece where the jobless rate is 27.6%.

The eurozone’s unemployment rate stood at 12.1% in July.

The lowest rates of unemployment in the eurozone are in Germany, at 5,3%, and Austria, which has a jobless rate of 4.5%.

While the eurozone as a whole emerged from recession in the second quarter of 2013, growing by 0.3%, Spain’s economic output fell by 0.1% in the quarter.

via BBC

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