Market Updates: Eurozone Labor Market Surprises, Italian Rate Slips to 10.2%
The Ministry of Employment, Spanish Unemployment has declined by 172,639 people opposed to May 2018, a drop of 5.31%...
Arslan Butt•Tuesday, June 4, 2019•1 min read
Unemployment Change
- As per the recent report from the Ministry of Employment, Spanish Unemployment has declined by 172,639 people opposed to May 2018 – a drop of 5.31%.
- The total amount of people unemployed is 3,079,491, the lowest of one month in May of the past ten years. The coverage pace of the unemployment security system held at 59.1% in April, 2.8% points more than in the same month of the past year.
- The amount of unemployed enrolled in the offices of the Public Employment Services (SEPE) has dropped in May to 84K people from the previous month.
- In May 2018, unemployment has diminished by 172K people, which keeps its annual drop level at 5.31%. Hence, the total number of registered unemployed is 3,079,491, the lowest level in the month of May of the last 10 years.
- Italian monthly unemployment rate steady at 10.2%, which is better actually as it beats the analysts forecast of 10.3%.
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ABOUT THE AUTHOR
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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