Spanish Jobless Falls to Almost Six-Year Low Amid Recovery
- Unemployment rate drops to 20% as economy pushes ahead
- Rajoy struggles to seal government deal as impasse drags on
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Spanish unemployment fell to the lowest in almost six years in a fresh sign the economy is pushing ahead even as lawmakers struggle to form a government that can end an unprecedented seven-month political deadlock.
The jobless rate dropped to 20 percent in the three months through June, the National Statistics Institute said in Madrid Thursday. That’s down from 21 percent in the previous quarter and beats a Bloomberg survey of economists predicting a reading of 20.3 percent for the second quarter, reflecting the start of the summer season.