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Spain's Jobless Claims Fall For 2nd Month In A Row

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Spain's Jobless Claims Fall For 2nd Month In A Row

Business

Spain's Jobless Claims Fall For 2nd Month In A Row

Spain's Jobless Claims Fall For 2nd Month In A Row

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  • <iframe src="https://www.npr.org/player/embed/154268373/154268358" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Spain's labor ministry announced Monday the number of people who registered for unemployment benefits fell by more than 30,000 from the previous month. Analysts say seasonal hiring accounts for the decrease as companies increase hiring in preparation for the summer tourism season.

DAVID GREENE, HOST:

NPR's business news starts with some good news for Spain.

(SOUNDBITE OF MUSIC)

GREENE: Jobless claims in Spain fell in May for the second month in a row. The country's labor ministry announced today that the number of people who registered for unemployment benefits fell by more than 30,000 from the previous month. Analysts say that seasonal hiring accounts for the decrease. Analysts see the seasonal hiring accounts were responsible for the decrease as companies increased hiring in preparation for the summer tourism season. But at more than 24 percent, Spain still has the highest unemployment rate of any nation in the eurozone.

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