Significant Decline in Unemployment

In a positive turn of events, Spain witnessed a notable decrease in unemployment by 2.61%, equating to 67,420 fewer unemployed individuals in April compared to the previous month. This revelation comes from the latest report by the Spanish Ministry of Labor and Social Economy, released this Tuesday.

Sector-wise Breakdown

The report further detailed the decline across various economic sectors. Agriculture led the way with a 3.92% drop in unemployment, closely followed by the services sector at 2.66%. The construction and industry sectors also saw reductions, with unemployment falling by 2.01% and 1.48%, respectively.

Historical Context

This decline marks the lowest unemployment rate since May 2022, with the total number of unemployed individuals standing at 2,512,718 in April. This data signifies a hopeful trend in Spain's labor market recovery.