Spain's unemployment rate falls to lowest level since 2011

Spain’s unemployment rate fell to the lowest since the end of 2011 in the third quarter as its economy turned into one of the fastest-growing in the euro region.

According to a Bloomberg report, the jobless rate dropped to 23.7 percent in the third quarter from 24.5 percent in the previous quarter.

The Bank of Spain predicts the economy grew 0.5 percent during the period.

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