UPDATE 2-Spain s fourth-quarter jobless rate slips, in good news for growth Reuters 1/28/2021
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MADRID, Jan 28 (Reuters) - Spain s jobless rate unexpectedly edged lower in the fourth quarter, data showed on Thursday, giving more credibility to the government s forecast that the economy kept recovering from the impact of the COVID-19 pandemic in the quarter.
The National Statistics Institute (INE) said the rate stood at 16.13% in October-December, down from 16.26% three months earlier, but still much higher than 13.78% a year ago as the country s economic activity remained hindered by restrictions.
For all of last year, unemployment jumped to an average of 15.53% from 14.1% in 2019.
Spain s jobless rate
unexpectedly edged lower in the fourth quarter, data showed on Thursday, giving more credibility to the government s forecast that the economy kept recovering from the impact of the COVID-19 pandemic in the quarter.
The National Statistics Institute (INE) said the rate stood at 16.13% in October-December, down from 16.26% three months earlier, but still much higher than 13.78% a year ago as
the country s economic activity remained hindered by restrictions.
For all of last year, unemployment jumped to an average of 15.53% from 14.1% in 2019.
Economists polled by Reuters had forecast quarterly unemployment at 16.6%.
Employment increased in all sectors in the quarter, led by services, the INE said. The number of those without a job fell by 3,100 to around 3.72 million, while those employed rose 0.87% to 19.34 million.
Half of Spanish firms saw revenues drop in fourth quarter, survey shows msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.