This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-35429947
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Spanish unemployment sees record fall | Spanish unemployment sees record fall |
| (35 minutes later) | |
| Spanish unemployment figures experience their biggest ever annual fall but unemployment remains at over 20%. | Spanish unemployment figures experience their biggest ever annual fall but unemployment remains at over 20%. |
| The National Statistics Institute said the number of unemployed Spaniards fell by 12.4% to 4.78 million last year thanks to a strengthening economy. | The National Statistics Institute said the number of unemployed Spaniards fell by 12.4% to 4.78 million last year thanks to a strengthening economy. |
| In the fourth quarter the rate dropped to 20.9% of the workforce, compared with 21.2% three months earlier. | In the fourth quarter the rate dropped to 20.9% of the workforce, compared with 21.2% three months earlier. |
| The figures, which are better than predicted, are at their lowest level since mid-2011. | The figures, which are better than predicted, are at their lowest level since mid-2011. |
| The economic recovery pushed the number of unemployed people down by 678,200 for the whole year. | The economic recovery pushed the number of unemployed people down by 678,200 for the whole year. |
| But there is concern that much of the growth depends on short-term jobs | But there is concern that much of the growth depends on short-term jobs |
| The data showed almost twice as many temporary posts were created in 2015 than permanent ones. | The data showed almost twice as many temporary posts were created in 2015 than permanent ones. |
| Vincenzo Scarpetta, a political analyst at Open Europe in London, said: "If the economic cycle starts going less well, those jobs could start to evaporate." | Vincenzo Scarpetta, a political analyst at Open Europe in London, said: "If the economic cycle starts going less well, those jobs could start to evaporate." |
| Economists fear that the inconclusive election, that has yet to result in a government, could delay much needed reform of the labour market. | |
| Spain has suffered a double-dip recession which pushed unemployment to just under 27% at the end of 2013. | Spain has suffered a double-dip recession which pushed unemployment to just under 27% at the end of 2013. |
| Retail sales grew 3.6% in 2015 as a whole which is the biggest rise in 15 years. | Retail sales grew 3.6% in 2015 as a whole which is the biggest rise in 15 years. |
| A fall in the active workforce also helped the drop in the unemployment rate in the fourth quarter, reflecting the flow of workers going abroad and inactivity among the long-term unemployed. | A fall in the active workforce also helped the drop in the unemployment rate in the fourth quarter, reflecting the flow of workers going abroad and inactivity among the long-term unemployed. |