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Spain, in 2014 unemployment fell by 500 thousand units

Economic growth and labor market reform reduce Spanish unemployment – ​​Spanish GDP is expected to increase by 2% in 2015 and lead to a further decline in unemployment which has already fallen by 2 percentage points in 2014

Spain, in 2014 unemployment fell by 500 thousand units

Spain tries to recover from the dramatic economic and employment crisis of recent years and records significant increases on GDP e occupation compared between 2013 and 2014. The contribution of the controversial reform of the labor market under the banner of greater flexibility is also fundamental.

The Spanish economy is in the right gear and is growing steadily. To make us understand is theNational Institute of Statistics, the Spanish Istat. The data relating to the Iberian GDP provided by Ine indicate that in 2014 it grew by 1,4%. Forecasts for 2015 point to an increase in Spanish gross domestic product by 2%. The economic recovery in Spain has been underway for five consecutive quarters and this positive series has done nothing but help the recovery of employment. in 2014 they were created beyond 430 thousand jobs, in the last quarter of 2014 the jobs created were 65 thousand.

These data are intertwined with those relating to the number of unemployed which fell sharply between December 2013 and the same month in 2014. In fact, the unemployment rate it decreased by just over two percentage points from the dramatic 25,73% of the fourth quarter of 2013 to still worrying 23,7% of the fourth quarter of the year which has just ended. The only fact that goes against the trend of these positive figures is the fact that the number of unemployed increased by 3 between the 4rd and 30th quarters. A not very incisive figure in terms of percentage variations.

The data on the fall in unemployment are the first fruits of the programme of reforms implemented in recent months by the Spanish government and confirm the beginning of the ascent from the abyss in which it has sunk in recent years. It should be remembered that Spain had gone from an unemployment rate of 8% in 2007 (2 million unemployed) to 25,7% in 2013 (over 5,4 million unemployed). It will take a long time for the Iberians to return to pre-crisis levels but the data provided by INE is an important first sign on the employment front.

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