Spanish Unemployment Rises In August - Unemployment in Spain increased in August after four consecutive declines in the past months, data released by the Ministry of Employment and Social Security showed Tuesday.
The number of registered unemployed rose by 38,179 between July and August, representing a rate of growth of 0.83 percent. This follows a decline of 27,814 people or 0.6 percent in July.
However, the labor ministry said that this was the weakest growth seen since 2006 and is below its long-term average.
Total registered unemployment in Spain stood at 4.63 million at the end of last month. Spain has the highest unemployment rate in the EU.
Compared to August 2011, unemployment increased by 494,707 persons or 11.98 percent.
Registered unemployment in agricultural sector fell 0.81 percent month-on-month while in industry, unemployment rose 1.3 percent. The number of unemployed increased in construction as well as in services compared to July.
Source: InstaForex
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