Unemployment Records Its Biggest Monthly Drop In History In July

MADRID, SPAIN - AUGUST 03: Several people wait to enter a SEPE office in Puerta del Angel, on the day the data on registered unemployment and Social Security affiliation for the month of July, as of August 3, 2021, in Madrid, (Spain), have been presented. The number of unemployed registered in the offices of the public employment services (former Inem) fell by 197,841 unemployed in July (-5.47%), which is the largest drop in any month in the historical series and exceeds those of the months of May and June, which also closed with record falls, according to data published Tuesday by the Ministry of Labour and Social Economy. (Photo By Ricardo Rubio/Europa Press via Getty Images)