Spain’s unemployment change falls below estimates in January

FXStreet (Mumbai) – Spain’s unemployment change came in at 57.2k, lower than the estimated 71.2k but substantially higher than the -55.8k seen previously.The Unemployment Survey released by the Spanish Government shows the number of unemployed workers added during the previous month. It is a leading indicator for the Spanish economy. If the number is negative, it indicates an expansion within the labor market.

The number of unemployed people in Spain increased by 57.25 thousand, or by 1.4 percent month-on-month in January. 4.15 million people were out of work last month. Employment had dipped 55.79 thousand fall in December. Most unemploment was seen in the services sector given that post holiday season companies laid off seasonal staff.

Unemployment Change in Spain averaged 5.95 Thousand from 1960 until 2015. It reached an all time high of 461.01k in January 2001 and a record low of -127.25 Thousand in June 2013.

Spain’s unemployment change came in at 57.2k in January, lower than the estimated 71.2k but substantially higher than the -55.8k seen previously.The Unemployment Survey released by the Spanish Government shows the number of unemployed workers added during the previous month. It is a leading indicator for the Spanish economy. If the number is negative, it indicates an expansion within the labor market.

(Market News Provided by FXstreet)