Spain / Unemployment fell by 41,023 seasonally adjusted but surged by 426,364 over a year

The number of people registered as unemployed in Spain fell by 1.2pc in December to 4.85m – the first decline since July 2012, the country’s labour ministry said.

The was the best December performance since records began in 1996, with young people, women and first-time workers benefiting the most.

When seasonally adjusted, Spain’s jobless numbers fell by 41,023 people, or 0.8pc.

Over the year, however, the ranks of the jobless surged by 426,364 people, or 9.6pc, the data showed.

Engracia Hidalgo, Spain’s labour minister, highlighted a slowdown in the rate of job cuts, however, saying the jobless queue had grown by 233,000 people in the second half of 2012 compared with 300,000 a year earlier.

Choosen excerpts by Job Market Monitor from 

via Spanish unemployment shrinks at record rate in December – Telegraph.