However, the body that oversees Miguel angel Fernandez Ordonez indicates high dynamism of the tourism sector in April and may, so it provides a certain improvement in the tone of the activity of services, especially in the hospitality industry. Unemployment among young people on the other side is concerned, the Bank of Spain considers it important that mechanisms be enabled to incorporate young people into the labour market, since, otherwise, the unemployment rate can acquire a structural character. In your last newsletter for the month of June, the controller makes an analysis of the evolution of employment in the economic and Monetary Union (EMU) during 2010 and stresses that the stage was characterized by a moderation in job losses, a light decline in the active population and a marked decline in the pace of deterioration in the number of unemployed, in a context of recovery activity. For the Bank of Spain, the data from long-term in the EU unemployment put the counterpoint to the incipient improvement of the labour market. This type of unemployment increased by more than 6 percentage points throughout 2010, until represent 44.3% of total unemployment in the fourth quarter of 2010, being particularly relevant among younger workers. In the case of Ireland and Spain reached historic highs, since starting from very low levels in comparison with the European average, at around 20%, its youth unemployment ratio increased in the last quarters of 2010 by more than 20 percentage points. Distrust among European consumers the confidence of consumers and businesses fell in June in the whole of the European Union (EU) and the euro compared to the previous month, while in Spain it grew slightly, said today the European Commission (EC).
The indicator of economic sentiment (ISE), drafted by the EU Executive and measuring economic confidence, fell a point in the EU and 0.4 points in the eurozone. However, in June, the consumer confidence grew 2.6 points in Spain, which was, along with Italy, with a rise of 1.8 points, the only one of the large States of the EU that enjoyed an increase in the indicator. The main falls them recorded Holland, with a decrease of 3.8 points, and the United Kingdom, with 2.2 points less. Source of the news: the Bank of Spain ensures that it continues the “soft” recovery of the economy