Market Updates: Eurozone Labor Market Surprises, Italian Rate Slips to 10.2% - Forex News by FX Leaders

Market Updates: Eurozone Labor Market Surprises, Italian Rate Slips to 10.2%

Posted Tuesday, June 4, 2019 by
Arslan Butt • 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

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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