Market Updates: Spanish Unemployment Rate Slips to 14.7% - Forex News by FX Leaders

Market Updates: Spanish Unemployment Rate Slips to 14.7%

Posted Thursday, April 25, 2019 by
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.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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