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Spain's unemployment figures fall again in July

Spain's jobless numbers fell by 1.4% in July, leaving 4.7 million people out of work
Spain's jobless numbers fell by 1.4% in July, leaving 4.7 million people out of work

The number of registered jobless in Spain fell in July from a month earlier, the fifth month of declines in a row, the Labour Ministry said today.

The Spanish jobs market was boosted by seasonal factors including a strong tourist season.

Jobless numbers fell by 1.4% in July, or by 64,866 people, leaving 4.7 million people out of work, the data showed.

The figures follow a quarterly survey by the National Statistics Institute which reported an unemployment rate of 26.3% in the second quarter with 6 million people unable to find work.

Registered jobless numbers rose 2.4% in July from a year earlier, the ministry figures showed.

Spanish unemployment has soared to record levels since the property bubble burst in 2008 and is expected to remain high for years to come as the battered economy, in recession since the end of 2011, struggles to return to sustainable growth.

The Labour Ministry's registered jobless figures tend to be lower than the statistics institute's estimates as the disillusioned long-term unemployed, who's benefits end after two years, stop signing on.

According to the statistics institute, some 1.9 million people who had previously held a job had been out of work for more than two years in the second quarter.

The number of people registering as out of work in July fell in all the main economic sectors, with the largest drop seen in the services industry, down 37,614 people, or 1.3%, boosted by a strong tourism season.

Spain's tourist sector, worth over 10% of economic output, has seen a boost this year as holiday makers avoid trouble spots in usually popular destinations in Northern Africa such as Egypt.