Spain’s jobless rate hits seven-year low

Spain’s jobless rate hits seven-year low

Published at: 2017-01-26 11:42 | Author: CIJ Journal
The unemployment rate in Spain fell to a seven-year low at the end of 2016, dropping to 18.6 percent, according to the National Statistics Institute (INE). However, the pace of job creation in one of Europe's most troubled labor markets is reportedly already starting to slow. Economic growth is set to fall to 2.5 percent in 2017 from 3.2 percent the previous year, according to the government, and job creation is also forecast to slow more markedly. A total of 413,900 jobs were created in 2016 compared to 525,100 in 2015, according to INE.

Similar Stories:

Kevin Turpin joins Colliers as regional director of research
Kevin Turpin has been appointed regional director of research for Central and Eastern Euro  »
Kevin Turpin joins Colliers as regional director of research
Kevin Turpin has been appointed regional director of research for Central and Eastern Euro  »
Hungarian government starts funding SME sector
In an effort to create more high-value-added jobs, the Hungarian government is extending a  »
Wages in Hungary increase by 10.7%
The average gross wage for full-time employees in Hungary increased by 10.7 percent to HUF  »
In regions like Andalusia, Extremadura, Castilla La Mancha and the Canary Islands, the une   »
US giant BlackRock is exiting the Polish real estate market, CIJ has learned. Having offlo   »
The number of unemployed averaged 272,800 between January and March, while the number of e   »
The study states that Hungarians would be willing to work even more hours for additional p   »