Spanish unemployment increased by 26,087

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Friday, Oct 02 2015

The number of unemployed registered at the offices of the Public Employment Services rose in September by 26,087 people, up 0.64% from the previous month. Analysts were forecasting incline to 17,000. In the last eight years, unemployment has increased on average in the month of September 54,207 people.

In seasonally adjusted terms, unemployment fell by 9,746 people last month. The monthly variation of the seasonally adjusted unemployment has fallen in 27 of the last 29 months. In the past 12 months, registered unemployment has decreased by 353,608 people, the largest decline recorded in historical series in September. The annual reduction of unemployment is around 8% (7.95%), a rate that was not reached in September since 1999.

Euro is currently being traded around 1.1160 area. Pair is likely to find support around 1.11 handle and resistance above 1.1230 level. Later today, in the US session, NFP figures are scheduled for a release.

More in this category: « Retail Sales rose 0.4% in August UK Construction PMI at the highest level since February »

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