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Spanish November Jobless Claims Fall for First Time in 17 Years

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Posted By: The Corner 5th December 2013

The number of people registered as unemployment fell 2,475 from October to 4.8 million, the Spanish Labor Ministry said in an e-mailed statement today. Jobless claims were 98,909 lower than in the same month last year.

In the third quarter, household spending grew for the first since 2011, adding greater force to an economic recovery fueled by export growth. International capital has also buoyed Spanish markets with Bill Gates, the world’s richest man, taking a stake in Fomento de Construcciones & Contratas SA and Blackstone Group LP, the world’s largest private-equity firm, buying real estate in Madrid.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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