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Number of unemployed in Spain decreased by 58,216

Monday, Apr 04 2016
The number of unemployed registered at the offices of the Public Employment Services declined in March in 58,216 persons in relation to the previous month.Analysts were expecting rise by 21,300. In 2015 it fell by 60,214. Thus, the total number of registered unemployed stood at 4,094,770. In seasonally adjusted terms, unemployment fell in March by 45,466 people.
In the last 12 months unemployment has fallen by 357,169 people. Registered unemployment rate remains year reduction in around 8% (8.02%). Unemployment among young people under 25 has decreased in the last year 43,416 people. Thus, youth unemployment is reduced by 11.1% year on year, above the overall average of 8%.
 
Euro is currently being traded few points below 1.1380 level. Pair is likely to find support around 1.13 handle and resistance above 1.1430 level. There will be no major data releases later today.
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