While it may be expected due to seasonal hiring for Christmas, it was still welcome news today to hear Spain’s jobless rate fell in December. According to official figures, 41,023 less Spaniards were signed on to unemployment than in November, a fall of 0.8 percent.
But, don’t get too excited just yet. The current overall unemployment rate in Spain is still 25 percent and the number of people who are signed up for unemployment is still 10 percent more than this time last year.
The problem also not being addressed by Spanish politicians today once the numbers sounded so positive is that, although these numbers definitely appear quite promising, what does often tend to happen in January after the holiday buying season is an even larger number of people are laid off than were hired in December. That’s why the real truth about Spain’s jobless rate will occur in February, when the January, 2013 jobless rate is released.