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2/05/2014

Spain's jobless up in January, but rate of rise slows

(Reuters) - The number of registered jobless in Spain rose in January for the first time since October, data showed, as the labor-heavy service sector shed workers following a busy Christmas holiday season.

Joblessness rose 2.4 percent, or by 113,097 people, from December to 4.8 million, Tuesday's Labour Ministry data showed. But in seasonally adjusted terms, joblessness fell by 3,907 people.

Almost 100,000 people were laid off from the services sector, while employment also fell in agriculture, by 8,110 people and in industry, by 3,577. Employment rose in the battered construction sector, by 3,486 workers.

Unemployment has soared higher in Spain than in any other European Union country bar Greece since a decade-long property bubble burst six years ago, though recent stronger-than-expected economic growth has helped fuel hopes the worst may be over.

The Ministry said the January increase was the lowest rise in that month since 2007 and, in annual terms, registered jobless had fallen by 166,343 people.

"This month's figure remains significantly better than previous years, considering that in the last five years registered joblessness has risen by an average of 544,000 people on an annual basis," said Employment Secretary Engracia Hidalgo.

reuters.com

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