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Spanish Unemployment Rises In January

Unemployment in Spain increased in January from the previous month, a report from the Labor Ministry showed Tuesday.

The number of people registered as unemployed in the country rose by 113,097 or 2.41 percent month-on-month to 4.81 million in January. This was the first increase since October last year.

Despite the increase, the latest outcome represented the best result for the month since 2007. On an annual basis, the number of unemployed was 3.34 percent lower.

Unemployment among youth below 25 years of age increased 4 percent month-on-month. However, compared to last year, youth unemployment decreased 7.49 percent.

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