Spain jobless rate falls to lowest since 2010
Spain’s jobless rate fell to the lowest level since 2010 in March, marking its second consecutive monthly decline.
Labour Ministry data released Tuesday signaled a drop by 48,500 in March, following a fall by 9,400 in February. Analysts had predicted a drop by 41,200.
The 12-month fall reached 392,000, which is the best March record ever.
Despite the recent progress in Spain’s labor market, unemployment remains the second highest in the euro area after Greece, with 18 percent seeking jobs.
As of 12:22 GMT, the euro
slipped against the greenback to 1.0651 after taking a breather the previous
session to resume its plunge since hitting a peak of 1.0905 on March 27.