Spain's unemployment increases by 87,028 people in October

The number of people registered as unemployed in Spain increased by 87,028 from September to October, according to data published on Tuesday by the Ministry of Employment and Social Security. This increase leaves Spain with a total of 4,811,383 people out of work in the country, according to the ministry, whose data differ from those published by the National Institute of Statistics (INE) as the latter uses a different calculation method. The INE reported on Oct. 24 there were 5,904,700 people out of work in Spain in the third quarter of 2013 while saying that unemployment had fallen by 72,800 people thanks to the tourist season, which has recently ended. In fact, unemployment especially increased in October in the services sector. It did by 68,870 people as tourism had helped reduce unemployment during the summer. Unemployment fell by 10,367 people in the construction sector, while increasing by 2,265 people and 23,488 people in the industry and agriculture sector respectively. The ministry reported that the number of women unemployed increased by 41,888 people to 2,478,640, while the number of men unemployed increased by 45,140 to 2,332,743. Meanwhile, the number of young people unemployed (below 25 years old) increased by 16,143 people from September to October, whiles those over 25 saw unemployment increase by 70,885 people. Unemployment has increased for the second consecutive month, although in annual terms it decreased by 22,138 people, falling for the first time in October since May 2007, according to the ministry. Meanwhile, in the first 10 months of the year unemployment fell by 37,340 people, which is the biggest fall since 2006. Secretary for Employment Engracia Hidalgo said that the reforms the Spanish government implemented will have an impact on unemployment, but warned there is still a lot to do. The Spanish economy grew by 0.1 percent in the third quarter of the year, but experts said that there will not be an impact on unemployment in the short term.