Spain's unemployment declined by 27,814 in July or 0.6 percent from the prior month, data from the Labor Ministry showed Thursday. The number of registered unemployed totaled 4.58 million.
Unemployment declined for the fourth consecutive month in July, with declines in construction and industry. Meanwhile, registered unemployment increased in agriculture and services sectors.
Spain has the highest unemployment rate in the European Union. The economy contracted 0.4 percent sequentially in the second quarter, dragging it deeper into recession.
According to the calculation of statistical office, the Spain unemployment rate reached a record 24.63 percent in the second quarter.
For comments and feedback: editorial@rttnews.com