Number of unemployed in Spain decreased by 83,599

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Wednesday, May 04 2016

The number of unemployed in Spain registered at the offices of the Public Employment Services in April decreased by 83,599 persons in relation to the previous month. Analysts were expecting decrease by 86,600. Thus, the total number of registered unemployed stood at 4,011,171. In seasonally adjusted terms, unemployment lowerrd by 8,329 people in April.

In the last 12 months unemployment has fallen by 321,845 people. The annual rate of decline in registered unemployment stood at 7.5% in April surroundings. Unemployment among young people under 25 in the last year has decreased by 40,955 people. Thus, youth unemployment is reduced by 10.7% year on year, above the overall average of 7.5%.

Euro is currently being traded few points below 1.15 level. Pair is likely to find support around 1.1450 handle and resistance above 1.1530 level. Later today, in the US session, ADP job figures and Non-Manufacturing PMI data is scheduled for a release.

More in this category: « Eurozone PPI up by 0.3% in March UK Construction PMI at the lowest level since mid-2013 »

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