Spain says economy 'touches bottom' after jobs data
MADRID (AFP) - Spain's government said on Tuesday the two-year recession has touched bottom after the euro zone's fourth-largest economy eked out a sixth-straight month of shrinking jobless queues in August.
The total number of registered unemployed - 4.70 million in raw figures - was basically unchanged, according to a Labour Ministry report.
But a fall of just 31 people from the previous month was enough for the Spanish government to hail a sixth consecutive month of declines, and the first drop in the month of August since 2000.
"I think we have touched bottom," Economy Minister Luis de Guindos said.