Spain: Number Of Unemployed In January Up By 57,257

The Spanish government said that number of unemployed in January increased by 57,257, although on year-on-year terms, unemployment decreased by 390,524, the highest fall ever recorded in the month of January.

Unemployment has risen each January since records began. Over the last eight years, unemployment has risen in January by an average of 126,563 people.

Unemployment fell at a year-on-year rate of 9.41%, the sharpest fall in the month of January since 1999, the government said.

This means that recorded unemployment now stands at 3,760,231, maintaining the lowest level for the last seven years.

In seasonally-adjusted terms, unemployment fell by 33,524 people in January.

Compared with January 2016, unemployment has fallen by 390,524 people, the highest fall recorded in the month of January since records began. The year-on-year reduction in recorded unemployment stood at 9.41%, the sharpest fall for the month of January since 1999.

Unemployment among the under-25s has fallen over the last year at a rate of 12.3%, well above the general average of 9.41%.

By sector of economic activity, recorded unemployment fell in the industrial sector by 1,103 (down 0.32%), in the construction sector by 7,833 (down 2.08%) and for first-time job seekers by 4,838 (down 1.54%). In contrast, unemployment rose in the agriculture sector by 4,102 (up 2.42%) and in the services sector by 66,929% (up 2.68%).