Spain's unemployment rate reduced in Q3


(MENAFN) About 195,200 people found jobs in Spain in the third quarter of 2014 raising the total number of people in the workforce to a total of 5,427,700, according to Spanish National Institute of Statistics (INE), Xinhua reported.

Spain's unemployment rate stood at 23.67 percent, falling for the first time below 24 percent since 2011. The improving job market was suspected to be due to the large number of tourists arriving in the country during the summer which helped create jobs, especially temporary jobs in the service sector.

New 108,800 jobs were created during the third quarter, followed by 71,800 new jobs in industry and 43,500 in construction.

In the meantime, the number of women out of work fell by 56,500 and the number of unemployed men fell by 138,700, making women's unemployment rate 25.01 percent and men's 22.53 percent.


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