Spain's Rajoy Promises Encouraging Jobless Figures Next Week

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Data on unemployment and the number of people receiving social security to be released by Spain's Employment Ministry next week will be "clearly encouraging", Prime Minister Mariano Rajoy said on Saturday.

Mariano Rajoy

Data on unemployment and the number of people receiving social security to be released by Spain's Employment Ministry next week will be "clearly encouraging", Prime Minister Mariano Rajoy said on Saturday.

"I'm not counting chickens here, however I recommend that you pay attention to unemployment and social security numbers on Tuesday the 4th ... If the patterns we've seen are confirmed they will be clearly encouraging," Rajoy said at an economic conference.

Spain's unemployment rate currently stands at 27 percent, with more than half of under 25-year-olds out of work. Economists have forecast joblessness to rise further this year due to a long recession that has depressed consumption and frozen hiring.

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