Market Updates: Spanish Unemployment Rate Slips to 14.7%
Arslan Butt • 1 min read
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.