Improvement in Spanish jobs situation way better than expected

|By:, SA News Editor

Spanish jobless claims dropped by 107,600 to 4.7M in December, the second-largest fall ever recorded after the June figure plummeted by over 127,000.

The decline in December was far greater than the drop of 2,500 in November and consensus of 24,300.

The improvement in unemployment adds to evidence that Spain is slowly digging itself out of its massive recession.

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