BUSINESS

Spain's Employment Numbers Post First Annual Gain In 7 Years

01/05/2015 09:09 EST | Updated 01/05/2015 09:59 EST
SEBASTIEN BERDA via Getty Images
People wait in line at a government employment office on Paseo de las Acacias in Madrid on December 2, 2014. Spain's jobless queue shrank in November, ending three months of increases, as the economy slowly recovered after emerging in mid-2013 from a two year recession, the government said. The number of people in Spain registered as unemployed fell by 14,688 in November from the previous month to hit 4,512,116. AFP PHOTO/ SEBASTIEN BERDA (Photo credit should read SEBASTIEN BERDA/AFP/Getty Images)

MADRID (AP) — The number of people registered as employed in Spain has risen by 417,574 in 2014 compared with the previous year, the first annual increase since 2007 and the latest sign that the country's is recovering from its economic crisis.

The Labor Ministry said Monday that the number of people employed at the end of 2014 was 16.8 million.

The ministry said the number of people registered as jobless last year dipped by 253,627, for a total of 4.45 million. It was the second consecutive yearly drop.

Quarterly unemployment surveys — seen as more accurate by economists — showed Spain's unemployment rate was 24 percent in the third quarter, with 5.4 million people jobless.

Spain is recovering from two recessions, the last of which ended in late 2013.

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