Spain Witnesses a Job Surge with 780,000 New Positions Created in the Past Year

Spain experienced a robust increase in employment, adding 783,000 jobs in the last year, which has led to a decrease in the unemployment rate to 11.76% in the fourth quarter of 2023.

This positive trend reflects the strength of Spain's economic recovery, according to Economy Minister Carlos Cuerpo.

The job gains were uneven across demographics, with a rise in female employment and a drop in jobs for Spanish nationals, including dual citizens, contrasted with an increase among foreign workers.

Meanwhile, the Eurozone's unemployment rate decreased to 6.4% in November 2023. Spain also saw strong GDP growth and anticipates a 2.4% expansion for the year, with upcoming data to be reported next Tuesday.