- Mario Draghi, ECB President
The number of registered unemployed in Spain advanced again in September, following the first rise in seven months in August. According to the latest Employment Ministry figures, the number of jobless Spaniards increased by 26,100 during the reported period, after a rise of 21,700 in the preceding month. At the same time, market consensus bet that 21,700 unemployed workers would be added to the official count in September. All of the growth in number of unemployed people came from the service sector, where 43,155 workers officially lost their jobs. Meanwhile, the jobless rate in Spain remains at 22%, despite the fall in unemployment numbers seen overall this year, and it continues to be the second highest one in the European Union, giving up the negative lead only to Greece.
In the meantime, the ECB President Mario Draghi in his speech at the Atlantic Council's Global Citizen Award said that economic growth is returning to Europe, after the region failed to make a major contribution to the global expansion in the past seven or eight years. Draghi also added that the further Euro integration is necessary to extract all the economies of scale and scope that the union brings.
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