Market Updates: Spanish Unemployment Rate Slips to 14.7%

National Statistics Institute reported another dip in the Spanish unemployment rate. The number of employed persons declined by 93,400...


The National Statistics Institute reported another dip in the Spanish unemployment rate. The number of employed persons declined by 93,400 in the first quarter of 2019 compared to the preceding quarter (-0.48%) to stay at 19,471,100.

In terms of seasonally adjusted, the quarterly fluctuation is 0.76%. Employment has grown by 596,900 employees (3.16%) in the last 12 months.

The occupation extends this quarter by 2.6K employees in the public sector and decreases in 96,100 in the private sector.

EUR/USD is trading slightly bearish after the release of the news. The resistance still stays around 1.1160 and support at 1.1140.

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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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