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Investing.com -- Spain’s unemployment increased by 0.91% in August compared to July, with 21,905 more people registering as jobless, according to data released Tuesday by the Labour Ministry.
The total number of unemployed people in Spain now stands at 2.43 million.
This rise in unemployment follows typical seasonal patterns in the Spanish labor market, where joblessness generally decreases at the beginning of summer when the tourism industry hires seasonal workers, and increases when tourist numbers decline at the end of the season.
Despite the uptick in unemployment, a separate report from the Social Security Ministry showed positive job creation figures.
The number of formal jobs in Spain grew by 29,836 in August, bringing the total to 21.67 million positions on a calendar-adjusted basis, excluding seasonal factors.
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