Spain’s unemployment rates dropped significantly in February, according to data released by the labor ministry. The data showed that unemployment decreased by 7,452 from January, bringing the total to 2.76 million- this is the lowest it has been since 2008 for the month of February. When compared to the same period from the previous year, the data reflects a reduction in unemployment by 150,607.

Unemployment numbers fell across various economic sectors- the services sector saw a decrease in unemployment by 8,548, while the construction industry saw a reduction by 2,433. The industry sector also showed a positive trend with unemployment decreasing by 1,865, and the agriculture sector saw a minor reduction of 315.

However, the only exception was seen in the group of people aged 25 or below, where unemployment actually increased by 6,601 or 3.28 percent from the previous month.

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