Spanish Jobless Falls to Almost Four-Year Low as Hiring Up

Spanish unemployment fell to the lowest level in almost four years in the second quarter, adding to expectations that stronger growth is translating into faster job creation.

The jobless rate dropped to 22.4 percent from 23.8 percent in the previous quarter, the National Statistics Institute said in Madrid on Thursday. That is in line with a Bloomberg News survey of 11 economists that called for a decline to 22.5 percent.