Catalonia registered the lowest unemployment levels since August 2011, with an 8 % annual drop
Registered unemployment in Catalonia has dropped to 592,304 people at the end of May 2014: the first time the figure has fallen below the 600,000 mark since August 2011. According to figures released by the Spanish Ministry of Employment and Social Security, between May 2013 and May 2014, registered unemployment dropped by 7.76 %, a reduction of 49,862 people. In only one month, unemployment decreased by 19,518 people from April to May, a 3.19 % drop. This has been the greatest monthly decrease recorded in May for 18 years. Furthermore, Catalonia has also experienced the greatest fall in unemployment of any Autonomous Community in Spain this last May, followed by the Region of Madrid.
Barcelona (ACN).- Registered unemployment in Catalonia has dropped to 592,304 people at the end of May 2014: the first time the figure has fallen below the 600,000 mark since August 2011. According to figures released on Tuesday by the Spanish Ministry of Employment and Social Security, between May 2013 and May 2014, registered unemployment dropped by 7.76 %, a reduction of 49,862 people. In only one month, unemployment decreased by 19,518 people from April to May, a 3.19 % drop. This has been the greatest monthly decrease recorded in May for 18 years. Furthermore, Catalonia has also experienced the greatest fall in unemployment of any Autonomous Community in Spain this last May, followed by the Region of Madrid.
Unemployment went down by 19,518 between April and May, the biggest drop in 18 years
Unemployment fell for the first time in the nearly three years to below 600,000 people, after four consecutive months of falling in monthly terms and eleven consecutive months at annual rates. May recorded 592,304 people on the unemployment lists: 19,518 fewer people than in April, a decrease of 3.19 %. There are 49,862 fewer people on the unemployment lists than in May 2013, a drop of 7.76 %. For the first time since August 2011, nearly three years ago, the number of unemployed in Catalonia has fallen below the threshold of 600,000 unemployed, after four consecutive months of steady monthly decline and eleven consecutive months of annual decline. This trend has made May 2014 the best month for unemployment levels since the Spanish Ministry first produced this specific statistical series in 1996, 18 years ago.
In monthly terms, the relative decline of 3.19% in the month of May is the steepest since June 2013 when unemployment fell by 3.87 % compared with the previous month. The unemployment figure in Catalonia has steadily declined for four consecutive months. In February, it declined by 4,285 people, in March, 5119, and in April it fell by 12,645 people.
This May, with 592,304 unemployed for the first time since August 2011 (when the figure was 584,648), the number of unemployed in Catalonia has fallen below the threshold of 600,000 people on the lists of the Employment Service of Catalonia (SOC).
Catalonia registers the lowest unemployment in Spain
For the month of May, Catalonia is the Spanish Autonomous Community where unemployment has fallen the most, by 19,518 people, followed by the Region of Madrid, where the decrease was 15,051 people. The result of Catalonia has been marked by strong performance in the Province of Barcelona, where unemployment has fallen by 12,813 people unemployed. This result of the territory of the Catalan capital has been accompanied by significant decreases registered by the three other Catalan provinces: noth-eastern Girona (-2,249), western Lleida (-2,227), and southern Tarragona (-2,229).
In the last year, from May 2013 to May 2014, unemployment in Catalonia has declined by about 50,000 people (49,862 people). There has not been such a pronounced fall in absolute terms in unemployment since December 2011, when unemployment fell by 51,871 people.