Spanish unemployment falls at fastest rate everMay 5, 2015 - 12:10 AMT PanARMENIAN.Net - Spanish unemployment fell twice as fast as analysts expected in April — will a massive plunge of 118,923. It's the season for hiring in Spain, but analysts had expected a drop of less than 65,000. The Business Insider reports that according to Spain's government, it’s the best figure ever seen in April, and with 351,285 people leaving unemployment in the last 12 months, the fastest drop on record. In the last seven years, unemployment fell by just 25,000 on average, underscoring just how impressive this month was. There are still well over four million people out of work in Spain, with an unemployment rate over 20%, so celebrations might have to wait. But April's jobs figures are just the latest suggesting that the country is in the middle of a solid recovery. GDP rose by 0.9% in the first quarter, smashing analyst estimates. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. |