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Spain's Q3 unemployment hits six-year low

AAP logoAAP 27/10/2016

Spain's unemployment rate fell to 18.91 per cent for the third quarter, a six-year low, according to the country's statistical institute.

The percentage was one point lower than the previous quarter, according to the Active Population Survey published by the National Institute of Statistics (INE) on Thursday.

The number of Spaniards unemployed between the July to September fell to 4.3 million for the quarter compared to a crisis record of six million in 2013.

Reducing the unemployment rate, the second highest in the European Union after Greece's, had been one of acting Prime Minister Mariano Rajoy's main promises in government since 2011.

Head of the conservative Popular Party, Rajoy is virtually guaranteed to win parliament's approval to form a minority government on Saturday and end a 10-month political deadlock following two inconclusive elections.

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