wrapper

Number of unemployed in Spain up by 21,679

Wednesday, Sep 02 2015
The number of unemployed registered at the offices of the Public Employment Services rose in August at 21,679 people, 0.54% for the month of August. Analysts were anticipating bigger incline by 33,400. In the last eight years, unemployment had declined on average in the month of August at 50,564 people.  Seasonally adjusted, registered unemployment fell by 5,286 people last month. The seasonally adjusted unemployment has fallen in 26 of the last 28 months. In the past 12 months, registered unemployment has decreased by 359,975 people, the largest decline recorded in historical series in August. 
 
Secretary of State for Employment, Juan Pablo Risk, stressed that the data published on Wednesday "confirms the improvement of the Spanish labor market" as it shows that "unemployment is down, discounting the seasonal component and a strong rate of remains fall in unemployment in the last year. We remain acutely aware that much remains to be done, because more than four million people is still looking for work but cannot find" noted Risk, who has remarked that the Government will continue "to work hard because there are more jobs, and of higher quality. "
 
Euro is currently being traded few points above 1.1250 level. Pair is likely to find support around 1.12 handle and resistance above 1.1320 area. Later today, in the US session, GDP figures are scheduled for a release.
More in this category: « Australia's economic growth slows as exports decline UK Construction PMI increased less than expected »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.