Unemployment falls in Spain

Unemployment falls in Spain
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POSTED: Friday, June 3, 2011 - 7:23am

UPDATED: Friday, June 3, 2011 - 7:35am

Unemployment in Spain fell last month for the second month in a row. In March, Spain's unemployment rate hit a Eurozone high of just over 21 percent. But last month, more than 80 thousand people in Spain found jobs. That made Spain's unemployment rate the country's best since 2005.

It's a sign the Eurozone's fourth largest economy may be recovering. The total number of people receiving benefits in Spain fell to about four point two million last month, down 64 thousand since April. Spain has been fighting fears it will need a bailout like Greece, Ireland and Portugal.

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