Spanish jobless queues were shorter in 2018, even for the worst-affected youth, though the country still counts 3.2 million people as unemployed, the labour ministry said Thursday.

The figure represented a decline of 6.17 per cent from 2017, a ministry statement said, without providing a standard unemployment rate.

But even though unemployment has dropped since 2013 as Spain emerges from an economic crisis, the country still has the eurozone's second highest jobless rate after Greece.

Data from the EU statistics agency Eurostat put the 19-member zone's average unemployment rate at 8.1 per cent in October.

The latest Spanish jobless rate, meanwhile, was 14.55 per cent.

The ministry's annual number of unemployed was nonetheless the lowest since 2009.

Economy minister Nadia Calvino told Spanish radio that "the Spanish economy is creating jobs at a good rhythm."

She forecast the economy will have grown by 2.6 per cent in 2018, slightly stronger than a 2.5 per cent forecast by the central bank and International Monetary Fund.

In calculating the number of unemployed, the labour ministry only takes into account those people who have signed up to a job agency.

As such, their figure is lower than that of Spain's INE statistics agency.

At the end of October, INE said there were 3.33 million umemployed people in Spain - a jobless rate of 14.55 per cent that was slightly below Eurostat's figure.

Spain's Socialist government plans to inject €2 billion into fighting youth unemployment, which it wants to reduce to 23.5 per cent within three years.

 

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