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Spain’s Jobless Rate Falls to 7-Year Low of 18.6 Percent

Spain’s unemployment rate edged down to a seven-year low of 18.6 percent at the end of 2016, the National Statistics Institute said Thursday. The number of people out of work fell by 83,000 in the October-December period, to 4.2 million. Over the year, the unemployment rate dropped by 2.3 percentage points, the institute said. The jobless rate for people younger than 25 remained at a high 43 percent, down from 46 percent at the end of 2015. Despite recent...

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