Spain Jobless Claims Down Slightly In May
The number of people in Spain claiming jobless benefits declined slightly in May, by 30,113, the country's Labor Ministry announced on Monday. The drop was small compared to the decline in claims of 80,000 in May of last year.
Currently 4.71 million Spaniards are receiving unemployment benefits and first quarter unemployment stands at 24.4 percent. Spain releases jobless reports four times a year.
Spain is one of the most visited countries in the world, and companies increase their hiring through the summer vacation season. The lackluster decline in jobless claims comes as Spain is in its second year of a recession with no sign of recovery on the horizon.
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