Ekonomické zprávy
03.11.2021

Fall in Spanish jobless figures slows to a near halt in October

Reuters reports that the Labour Ministry data showed that an eight-month decline in Spanish jobless slowed almost to a halt in October, as the galvanising effect of eased COVID-19 restrictions began to wear off.

Just 734 fewer people registered as searching for work than in the previous month, a decline of 0.02%, down from drops of more than 2% in the previous months.

Still, the data marks the first time unemployment has fallen in October, when joblessness tends to rise as short-term work in tourism and farming dries up, since 1975.

Spain added 102,474 net jobs over the month, while some 48,512 people dropped out of a national furlough scheme to leave 190,718 supported by the programme, separate data from the Social Security Ministry showed.

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