Spanish Unemployment Edged Down In March

MADRID (AP) â¿¿ Spanish government figures show that the number of people registered as unemployed edged down by a little under 5,000 in March, the first reduction for the month in five years.

The Labor Ministry said Tuesday that the decline showed the government's policies are working. The scale of the task remains huge though as the number registered as unemployed stands at 5.04 million.

Spain is battling to emerge from its second recession in just over three years.

Among its problems, the Spanish economy is trying to recover from the collapse of the once-booming real estate sector, which has partly contributed to an unemployment rate of around 26 percent.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

More from Opinion

Elon Musk's Twitter Tirade Is the Dumbest Thing on Wall Street

Elon Musk's Twitter Tirade Is the Dumbest Thing on Wall Street

Why Google's Search Momentum Won't Be Badly Hurt by New EU Rules

Why Google's Search Momentum Won't Be Badly Hurt by New EU Rules

Flashback Friday: Amazon, Chip Stocks, Memorial Day

Flashback Friday: Amazon, Chip Stocks, Memorial Day

Time to Talk Tesla: What Happened This Week, Elon?

Time to Talk Tesla: What Happened This Week, Elon?

Apple Needs to Figure Out Its Self-Driving Vehicle Strategy

Apple Needs to Figure Out Its Self-Driving Vehicle Strategy