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Number of unemployed in Spain fell by 83,993

Tuesday, Aug 02 2016

The number of unemployed registered at the offices of the Public Employment Services has dropped in July in 83,993 persons in relation to the previous month. This is the largest decline in July since 1997. Thus, the total number of registered unemployed stood at 3,683,061, the lowest since August 2009. During the last 8 years in this month, registered unemployment decreased by an average of 37,000 people.

In seasonally adjusted terms, unemployment in one month was reduced by 48,573 persons in July.This is the largest reduction of the entire series in July. The monthly change of seasonally adjusted unemployment has fallen in 38 of the last 39 months. In the last year unemployment has fallen by 363,215 people. The annual rate of reduction in unemployment has accelerated in July reaching 9%, the best figure since 1999. Unemployment among young people under 25 is reduced in July to 12,881 people (-4.29%) compared to the previous month.

 

Euro is currently being traded around 1.12 area. Pair is likely to find support around 1.1150 handle and resistance above 1.1250 level.

More in this category: « RBA cut interest rate to 1.50% UK Construction PMI beat market predictions »

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