Unemployment in Spain recorded the biggest decline in history … – Financial Journal

EFE

The number of registered unemployed in the public employment services in Spain fell in May to 117 985 people, to 4,215,031, the biggest decline in fifth month year historical series, which began in 1996.

According to data released today by the Ministry of Employment and Social Security, compared to the same month of 2014, unemployment fell by 357 354 people, the largest annual decline of historical series.

In seasonally adjusted terms, unemployment fell by 34,160 people in May, and also marking the best figure recorded in that month.

Unemployment decreased in all sectors, but to a greater extent in services (68 826 persons), construction (17,520), agriculture (14,142) and industry (12,874), and between the group without previous employment (4,623 people).

Among men, unemployment fell in May to 73 244 people, up to 1.93116 million, and among women fell by 44,741, to 2,283,871 females.

Unemployment among those under 25 years May fell by 11,271 people, up 370 741.

Among the foreigners, unemployment fell by 23,057 people, up to 495 712 unemployed foreigners, of which 170 141 came from a member country of the European Union and 325 571, of one non-EU.

According to the Ministry, the number of unemployed in Spain has decreased by 207 328 persons regarding which there was in December 2011, the beginning of the term.

unemployment is the most dramatic aspect of the economic crisis in Spain since 2008, and had reached 26% of the workforce in 2012.

The Social Security membership grew by about 213 015 people in May the previous month, to 1.25%, and puts the number of attached to the system in occupied 17.22131 million.

According to the Ministry of Labour and Social Security is the largest monthly increase recorded if excepted the months of May, June and July 2005, when he proceeded to the regularization of immigrants in Spain.

However, the coverage of the unemployment protection system was 54.87% in April 2015, five percentage points lower than a year earlier, which means that nearly half of the unemployed not charge any help unemployment, according to the same source

.