Registered unemployment in Spain rose in November in 7,255 people

Ⓒ AFP/Archivos – Sebastien Berda – | Some people await the opening of an employment office on December 2 in 2014 in Madrid

Unemployment registered in Spain rose by 7,255 people in November compared to October and added 3.47 million, the Ministry of Employment reported Monday.

In the last 12 months, unemployment was reduced by 315,542 people, that is, by 8.3% year-on-year, and is currently “at its lowest level in the last eight years.”

The ministry states that registered unemployment was reduced in the sectors of construction (in 3,727 people), in agriculture (2,929) and in industry (2,977). On the other hand, it increased considerably in the services sector (23,048), after the end of the tourist season.

In November, 1.81 million contracts were signed, 74,631 more than in the same month of 2016. However, only 9.3% were indefinite.

The ministry does not provide the percentage of unemployment, which the National Institute of Statistics does publish, with a different calculation system.

In the third quarter, unemployment was 16.4% of the active population, the second highest in the eurozone, after Greece.

The global financial crisis of 2008, aggravated in Spain by the outbreak of the housing bubble, pushed up unemployment up to 27% in 2013.

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