He Number of Spanish unemployed was reduced by 57,835 in May After falling into 67,420 in April, as reported by the Communication Cabinet of the Spanish Ministry of Labor and Social Economy. The descent disappoints market expectations, which expected the number of unemployed to fall at 68,500.
With this data, the Unemploybelow 2.5 million for the first time since July 2008.
According to the statement, the unemployment is reduced in all sectors and in all autonomous communities. The services sector is the one that has absorbed a large part of this descent, with -42,930 people, while Andalusia leads the fall of unemployed by communities with -13.239 people.
The number of new contracts in May has promoted 1,328,983, of which 552,697 are indefinite, 41.59% of the total.
Euro reaction
He Euro has bounced slightly down after the datasliding more than 10 pips around 1,1419. At the time of writing, the EUR/USD quotes about 1,1425, losing 0.14% daily.
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: Mar Jun 03, 2025 07:00
Frequency: Monthly
Current: -57.835K
Dear: -68.5k
Previous: -67.42K
Fountain: INE
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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.
