Spain's Unemployment Rate Drops for First Time in Two Years
- OurStudio
- Jul 25, 2013
- 1 min read
Spain's unemployment rate has fallen for the first time in two years, according to official figures.
The rate stood at 26.3% in the second quarter of the year, down from a record 27.2% in the first quarter.
A strong tourist season was credited with boosting employment. Tourism accounts for about 10% of Spanish GDP.
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