Number of unemployed in Spain decreased by 94,727

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Thursday, Jul 02 2015

The number of unemployed registered at the offices of the Public Employment Services has dropped in June by 94 727 people. Analysts were forecasting larger decrease by 129,300. This is the fifth consecutive month of declines. In the past seven years, unemployment had declined on average in the month of June in 74,000 people.

In the past 12 months, registered unemployment has decreased by 329 397 people, with an annual reduction rate which stands at 7.4%. With this decline, the total number of unemployed stood at 4,120,304 people, the lowest since August 2011. There are 302 055 registered unemployed less than in December 2011.

Data did not have any major impact on the markets with euro currently being traded around 1.1070 area. Pair is likely to find support around 1.10 handle and resistance above 1.1130 level. Later today, in the US session, NFP and Unemployment Claims figures are scheduled for a release.

More in this category: « Australian Trade Balance deficit narrowed in May UK Construction PMI at an 11-year high »

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