Spain jobless falls – answers
questions
- How were the Spanish unemployment bureaus this month? a little less crowded
- How many people were unemployed at the end of May? just over 4 million
- When did Spain last see such a rapid drop in unemployment? 5 years ago
- How did the bond market react? it rose slightly
- Who welcomed the news? the Spanish government
- When did the tough times begin? in March 2008
- What happened to the Spanish property market? it burst
- What will be implemented by the end of June? reforms to the labour market
- How do the unions feel about the latest set of figures? less optimistic (they warned people not to be too optimistic by the figures)
- Which detail is highlighted by the union spokesman? that temporary contracts are growing much more than fixed ones
- What is the result of this? a two-tier employment market
- What is included in the austerity measures?
- public sector cuts
- tax rises
- a freeze on pensions