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What is Spanish Unemployment Change?

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Economic Data

What is Spanish Unemployment Change?

Posted by NIFM
05-Jan-15 05:11PM

A Spanish Unemployment Change data is Important for Euro. It is released by Spanish Employment Ministry. Spanish Unemployment Change is also called Jobless Claims, Registered Unemployment, total Jobseeker.  

Unemployment data is generally a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market condition

How it is important? It is depend of the actual data. If Data comes Negative according to the forecast that means Negative for Euro. If Came positive then the possibility if Euro may strong for short term. It is important for Gold.

It is Released every monthly, about 3 days after the month end. Like the next release will be on 4th Feb.

Spanish Unemployment Change: Actual -64.4K Forecast -72.0K (Impact: SUC data is negative according to forecast. The Euro data is slightly negative for Gold)

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