Casey Mulligan is probably watching the reign in Spain;
Spending on unemployment benefits in Spain in the first month of the year (the latest available figure) fell 14 percent from the same month a year earlier to 2.382 billion euros, as the number of people whose entitlements have run out increased to a record 1.68 million.
The conservative Popular Party government of Mariano Rajoy also cut the amount of unemployment benefit people receive by 50 percent from the sixth month. Workers are entitled to four months of unemployment benefits for every year worked up to a maximum of two years.Early, but so far, as the textbook predicts;
The Spanish economy is finally beginning to create jobs, albeit at a very slow pace, the Labor Ministry confirmed on Tuesday.
The number of Social Security contributors grew 0.38 percent year-on-year in February, meaning that for the first time since the beginning of the crisis in 2008 there are more workers in the system than there were a year ago; specifically, 61,557 more. Month-to-month growth was 0.24 percent from January.
As for unemployment, the rolls fell by 227,736, or 4.5 percent, from a year earlier.
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