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Fundamental Analysis

Spanish Unemployment Change

Posted by NIFM
03-Dec-13 05:43PM

Spanish Unemployment Change is also called as Jobless Claims or Registered unemployment.

The Spanish Unemployment Change Data shows the change in the number of unemployment people during the previous month.

Spanish Unemployment Change Data released by Spanish Employment Ministry. They released this data monthly, about 3 days after the month end.

It’s a lagging indicator. The change of unemployment people is important signal of economic health because consumer spending is highly correlated with labor-market conditions.

Impact: When Actual data comes less than Forecast then it is good for the currency.

e.g.:     ACTUAL: -2.5K FORECAST: 46K (POSITIVE)

            ACTUAL: -87K FORECAST: 31.3K (NEGATIVE)

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