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Spain: Unemployment rate declines in Q2
Latest reading: The unemployment rate fell to 10.3% in Q2 from 11.4% in Q1. Q2’s print surprised markets on the downside and marked the lowest reading since Q1 2008. The number of employed people rose by 503,300 relative to Q1, bringing the overall figure to an all-time high of 22.3 million, thanks to job gains in the agricultural, construction, industrial and services sectors.
Additionally, the number of unemployed fell by 236,100 people from Q1, and the number of people in the labor force increased by 267,200 to a total of 24.8 million.
