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Number of unemployed in Spain registerd by 22,800

Tuesday, Oct 04 2016

The number of unemployed registered at the offices of the Public Employment Services has increased by 22,801 people in September over the previous month. In the last 8 years in this month registered unemployment increased by an average of 58,835 people. Thus, the total number of registered unemployed stood at 3,720,297, and continues at lower levels of the last 7 years.

In seasonally adjusted terms, unemployment is reduced by 16,906 people in September. The monthly variation of the seasonally adjusted unemployment has fallen in 40 of the last 41 months. In the last year unemployment has fallen by 373,745 people. It is the largest annual decline recorded in September historical series. The annual rate of reduction in unemployment has increased again in September, reaching 9.13%, the best figure of decline since 1999.

 

Euro is currently being traded around 1.1160 level. Pair is likely to find support around 1.11 handle and resistance above 1.12 handle.

More in this category: « RBA left interest rates unchanged UK Construction PMI rose to 52.3 in September »

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