Spanish jobless rate

MADRID: Spain’s jobless rate rose for a third straight month in October to 4.18 million, the employment ministry said on Tuesday. The month-on-month rise in registered jobless numbers was 82,327. The ministry noted, however, that ‘unemployment always rises in October’ as seasonal summer work drops off. Joblessness began to rise again in August, after six straight falls, owing to a drop off in opportunities in tourism, fishing and agriculture. The national statistics office (INE), meanwhile, had 4.85 million people out of work at the end of third quarter, or 21.18 per cent of working-age population. INE measures usually come in higher as they take into account all those actively seeking work as opposed to only those registered with job agencies.