What was the best gift that some Spaniards received for Three Kings Day? A job. And many people got one. Although today the official annually unemployment numbers will be published, according to preliminary data from the Ministry of Employment that was published by Servimedia, there were 146,293 fewer people drawing unemployment this year than last. The total number of unemployed is 4,701,388.
Unemployment fell by 107,570 in the month of December, which was the sharpest change in 15 years. Combined with good numbers from the past few months, the December improvement should usher in a good year for the Spanish economy. Even though there are reasons to be optimistic, we should stay prudent and watch Q1 2014 figures before claiming that the economy has rejuvenated.
