By David Roman
MADRIDThe number of registered job seekers in Spain fell in June for the fourth consecutive month, signalling the worst of the recession may be over for the euro zone's fourth-largest econom
Spain's labor ministry said Tuesday the number of people filing for jobless benefits fell 2.6%, or by 127,248, to 4.76 million in June from May
This is the largest single-month reduction on record in Spain's jobless claims
June is traditionally a good month for employment because of strong hiring ahead of the busy summer holiday season, but the reduction last month was significant
In June 2012, claims only declined by 98,853
However, June claims rose 3.2% on the year
Seasonally-adjusted claims--which reflect underlying trends in the jobs market--also inched higher in June from May, rising by 996
The ministry didn't provide an estimate for the country's unemployment rate
In the first quarter, according to Spain's statistics institute INE, unemployment stood at an all-time high of 27.2% of the working population, the second-highest in the euro zone after Greece
The second-quarter unemployment rate will be released July 25
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LONDON--The European Union's official statistics agency said Tuesday the rate of unemployment across the 17 countries that share the euro was 12.2% in May, not the 12.1% given in a release Monday.
In a statement, Eurostat said the error in its calculations was due to "an error in the loading of French data" that led to the unemployment rate for France being underestimated by half a percentage point, and the unemployment rate for the euro zone as a whole by a tenth of a percentage point.
The 12.2% rate of unemployment is the highest since records began in 1995.
Taguas dice que no es un dato positivo y tacha de "decepcionante" la afiliación
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