The number of people registered as unemployed in Spain fell in June due to hiring for summer tourism related jobs, but a deeper look at the numbers reveals a grimmer picture.
The total was down by 2.6 percent from the previous month. That is 127,000 fewer people on the jobless rolls.
But there are still 4.76 million Spaniards out of work, including over half of all 18 to 25 year olds.
Spain’s June figures were not seasonally adjusted and reflect holiday hires by hotels and restaurants as well as for harvesting fruit and vegetables.
Taking into account seasonal variations, the number of registered unemployed people edged higher and was up by almost 1,000 from the previous month.
Chosen excerpts by Job Market Monitor