The Spanish unemployed figure fell into 1,357 in July After descending at 48,920 in June, as revealed by the Ministry of Labor and Social Economy. The data has shown its lowest number in the descent of unemployed in the last six months. Besides, It has been well below expectations, since the market expected the decrease in the number of unemployed out of 21,300.
Despite the weak fact, this July is the one that registers the lowest number of unemployed for 18 yearsspecifically since 2007. Unemployment has fallen for the sixth consecutive month, standing at 2,404,606 people.
At the year -on -level, unemployment has fallen by 145,631 people, which represents -5.71% compared to July 2024.
By sectors, the number of unemployed has been reduced in the collective without previous employment and in agriculture, while it has increased in services, industry and construction.
Euro reaction
The euro has reacted to the data with a fall of almost 15 pips that has led it to the area of 1,1562. At the time of writing, the par quotes about 1,1568, losing 0.15% in the day.
Economic indicator
Variation in unemployment
The unemployment survey published by the Spanish government Show the number of unemployed workers added during the previous month. It is an advanced indicator of the Spanish economy. If the number is negative, it indicates an expansion in the labor market. An increase in figures is seen as negative (or bassist) for the euro, while a decrease is considered positive (or bullish).
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Last publication:
lun Aug 04, 2025 07:00
Frequency:
Monthly
Current:
-1.357K
Dear:
-21.3k
Previous:
-48.92K
Fountain:
INE
Why is it important for operators?
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
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