Spain's unemployment rate fell for the first time in two years in the second quarter, surprising the market and support the Government's argument that the worst of the country's economic downturn may be over.
A strong tourist season to help the unemployment rate of 27.2% from the first quarter fell 26.3 percent, the National Bureau of Statistics said on Thursday,
This makes 598 million people lost their jobs, the most since 2011, the first decline since the second quarter.
Spain's unemployment rate has soared in 2008, the property bubble has burst, about 3.8 million people added to the unemployment line, because that year's first quarter.
Tourism accounts for Spanish gross domestic product (GDP) of about 10%, and is expected to be strong this year, cash-strapped Europeans are looking for budget resorts in Egypt and other Middle Eastern troublespots's.
Many economists believe that the country's 18-month recession, the second year is not likely to come to an end this year
But the bank forecast the Spanish economy to support the Government's comments on Tuesday, the deep downturn may be bottoming out. <ID:L6N0FT0SS>
Falling unemployment, who predicted a slight increase, economists surveyed by Reuters accident.
However, the improved figures conceal deep-seated structural problems - the long-term unemployed.
Data show that about half of the nearly 600 million, the work is not in Spain held a job more than a year, while the number of all unemployed, 1.8 million households.
After more than a decade, the average economic growth rate, long-term economic recession, prompting thousands to leave the country in 2012, including the return of migrants, the Spaniards looking for work elsewhere.
 



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