Spain sees lowest jobless rate in seven years

Spain sees lowest jobless rate in seven yearsSpain's jobless rate remains the second highest in the bloc after Greece. However, figures show a steady recovery of Spanish economy.

Spain's unemployment rate reaches its lowest level in seven years at the end of 2016, official data showed Thursday, as a booming tourism sector fuelled job creation.

The jobless rate fell to 18.6 percent in the final quarter of 2016, its lowest level since the last three months of 2009, according to figures released by national statistics institute INE.

Tourism has played a big part in the improving unemployment figures. Spain hosted a record 75.3 million foreign visitors last year with the rise attributed to holidaymakers shying away from resorts in north Africa and Turkey over terrorism fears.
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