Spain's unemployed figure beats estimates

Source: WBP Online
© Scanpix/Reuters
According to official data, the number of unemployed fell by 74,000 in July, while market participants expected a decline of just 44,500. This is a further indication that the jobs market and the economy in Spain is recovering, as unemployed figure dropped by 94,700 in June. Moreover, unemployment rate in Q2 of 2015 fell by 1%, although youth unemployment remains sky high at 49.2%.  

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