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Spain says registered jobless figure drops by 127,000 - 4th monthly drop in a row

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(Globalpost/GlobalPost)

MADRID - Spain's Labor Ministry says the number of people registered as unemployed dropped for a fourth consecutive month in June with the total falling by 127, 248 as the summer tourist season generated more jobs.

The ministry said Tuesday the total number of people registered as jobless now stands at 4.76 million.

The news brought some cheer for a country stuck in recession and suffering a 27.2 per cent unemployment rate.

The conservative government claims its austerity measures and reforms of the past two years are starting to work and that Spain should emerge from recession in the coming months.

The Labor ministry said that although June is traditionally a good time for employment, the latest figure was the best on record for that month.

http://www.globalpost.com/dispatch/news/the-canadian-press/130702/spain-says-registered-jobless-figure-drops-127000-4th-monthl