Spain enjoys biggest March unemployment drop in eight years

|By:, SA News Editor

The number of unemployed people in Spain fell 16,620 in March, the largest drop for the month since 2006. The decline was much greater than February's fall of 1,900 and consensus of -5,300.

However, the number of unemployed remains high at 4.8M. Still, the falling trend adds to other data indicating that Spain's economy may be slowly recovering.

ETF: EWP (PR)