Spanish unemployment in record fall

Unemployed in S inIdol copyright AP

S nish unemployment figures experience their biggest continuously annual fall but unemployment remains at over 20%.

The National Statistics Found said the number of unemployed S niards fell by 12.4% to 4.78 million at length year thanks to a strengthening economy.

In the fourth quarter the rate offed to 20.9% of the workforce, com red with 21.2% three months earlier.

The presumes, which are better than predicted, are at their lowest level since mid-2011.

The financial recovery pushed the number of unemployed people down by 678,200 for the entirety year.

But there is concern that much of the growth depends on short-term employs

The data showed almost twice as many temporary posts were fashioned in 2015 than permanent ones.

Vincenzo Scarpetta, a political analyst at Unveil Europe in London, said: “If the economic cycle starts booming less well, those jobs could start to evaporate.”

Economists bete noire that the inconclusive election, that has yet to result in a government, could poke much needed reform of the labour market.

S in has suffered a double-dip depression which pushed unemployment to just under 27% at the end of 2013.

Retail in stocks grew 3.6% in 2015 as a whole which is the biggest rise in 15 years.

A decay in the active workforce also helped the drop in the unemployment rate in the fourth neighbourhood, reflecting the flow of workers going abroad and inactivity among the long-term at leisure.

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