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Bloomberg: Spain’s Unemployment Rate Falls to More Than Six-Year Low

Article published: Oct 27, 2016 – out of date: no longer suitable for your IB Economics commentary

IB Economics syllabus: Macroeconomics (unemployment)

While Spanish unemployment is still the 2nd highest in Europe, it has now decreased to an over 6 year low, thanks to the increase in the number of service sector jobs. The secondary sector’s job creation was slower, while the number of agricultural jobs decreased. Prime minister Rajoy has a long way to go in order to keep his promise of creating 2 million new jobs.

Source of image: INE / Bloomberg

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