Spanish Unemployment Lowest Since 2011 as Economy Grows

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.

Joblessness fell to 23.7 percent in the three months through September from 24.5 percent in the previous quarter, Spain’s national statistics institute INE said in Madrid today. The economy grew 0.5 percent in the period, the Bank of Spain predicts.