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Business

Jobless rate drops in Spain

Published: 25 Jul 2015 - 11:49 pm | Last Updated: 12 Jan 2022 - 04:36 am

A worker runs as he pulls a cart with a woman along a street in Malaga, southern Spain. Spain’s jobless rate dropped to its lowest level in over three years in the second quarter. At 22.4 percent, the unemployment rate is still higher than anywhere else in Europe barring crisis-hit Greece and has not dipped below a fifth of the workforce in five years, even after Spain exited recession in mid-2013.