Spain February jobless figure drops for first time since 2007
The Spanish Labor Ministry reported Tuesday the number of jobless people in Spain dipped to 4.8 million people in February, marking the first drop in unemployment since 2007 when the global financial crisis started sending shockwaves through national economies around the world.
“Spain is on the right path, mulberry sale with the reforms of the past few years now yielding first positive results,” Labor Minster Fatima Banez said in a statement in Madrid.
But according to the national statistics agency, INE, unemployment still stood at a record high 26 percent, a r mulberry sale ate mulberry sale more than twice as high as the eurozone average.
The EU Commission said
Spain was far from being out of the woods, with the country’s jobless rate expected to come in at 25.7 percent this year and 24.6 percent in 2015.
The eurozone’s fourth largest economy is seen to be on track for its first growth figures in 2014 after two mulberry sale years of recession. The EU executive predicted the Spanish economy would expand by 1 percent this year, followed by 1.7 percent growth in 2015.