Registered unemployment falls by 7.7% in February, highest drop in 17 years
At the end of February 2015, there were 581,124 people registered with the Catalan Public Employment Service (SOC) as being unemployed, according to figures released on Tuesday by the Spanish Ministry of Employment and Social Security. This represents 1,645 fewer jobseekers than were registered at the end of January (582,769), a 0.28% drop. In addition, at the end of February 2015 there were 48,462 fewer registered jobseekers than a year ago, which marks the largest annual decline for registered unemployment in the last 17 years for a February month. This represents a 7.7% fall in the last 12 months. The data released on Tuesday shows an encouraging trend for Spain as a whole as well, since registered unemployment fell by 13,538 people in monthly terms, a 0.3% drop. In annual terms, the Spanish labour market posted a 6.24% drop, with 300,333 fewer registered jobseekers.