Crisis: Spain, number of jobless down by 100,000 in May
For third consecutive month but 3,75% up from 2012
Labour Under Secretary Engracia Hidalgo told a press conference that the new data showed the first signs of economic recovery. 'A few months ago increases reached up to 12 percentage points', said Hidalgo. 'There is now an enormous decrease signalling the presence of symptoms connected to recovery'. The new situation is mostly connected to the number of new contracts in May: 1.283.261, most of which (91.5%) were seasonal due to the beginning of the summer season, Hidalgo admitted. Indeed the highest number of contracts were signed in Andalusia, Catalonia and Valencia. Last Saturday Spanish Premier Mariano Rajoy announced positive developments for the labour market at an economic gathering saying that 'I am not very inclined to speak about green buds or end of the crisis around the corner but I invite you to look at the most recent data and unemployment trends which will be released on Tuesday'.














