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Number of unemployed in Spain rose by 2,231 people

Wednesday, Mar 02 2016
The number of unemployed i Spain registered at the offices of the Public Employment Services rose by 2,231 people in February over the previous month. Analysts predicted increase by 200. In 2015 it fell by 13,538 in 2014 and 1,949 people. The total number of registered unemployed stood at 4,152,986.
In seasonally adjusted terms, unemployment fell in February at 21,959 people. In the last 12 months unemployment has fallen by 359,167 people. This is the largest reduction of the entire series in February. Registered unemployment rate is reducted on yearly basis by around 8% (7.95%)
 
Euro is currently being traded few points above 1.0860 level. Pair is likely to find support around 1.08 handle and resistance above 1.0950 level. Later today, in the US session, ADP job figures are scheduled for a release.
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