Spain's Unemployment Rate Drops for First Time in Two Years

Down to a measly 26.4 percent!


Spain's unemployment rate has fallen for the first time in two years, according to official figures.

The rate stood at 26.3% in the second quarter of the year, down from a record 27.2% in the first quarter.

A strong tourist season was credited with boosting employment. Tourism accounts for about 10% of Spanish GDP.