Spain Registered Unemployment Declines Amid Peak Tourist Season

Spanish registered unemployment fell in July as the country’s peak tourism season was in full swing.

The number of people registering for jobless benefits declined by 27,814 from June to 4.59 million, according to data released today by the Labor Ministry in Madrid. That compares with a 42,059 drop last year.

Tourism is one of the biggest contributors to the euro area’s fourth-largest economy. Its second recession since 2009 worsened in the second quarter, pushing the European Union’s highest unemployment rate to 24.6 percent, a record in the country’s 36 years of democratic history.

To contact the reporter on this story: Angeline Benoit in Madrid at abenoit4@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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