Spain’s unemployment rises in August despite job creation
Spain saw a rise in unemployment in August, with 21,900 more jobless registrations, compared to a marginal increase of 1,400 in July. Analysts had expected an increase of just 14,200.
According to data from the Ministry of Labor, the total number of unemployed rose by 0.91% month-on-month, reaching 2.43 million people.
However, a separate report from the Ministry of Social Security painted a more positive picture: after adjusting for calendar effects and seasonality, the country recorded a net gain of 29,836 formal jobs, bringing total employment to 21.67 million workers.
UCapital Asset Management LLP or group companies may have commercial relationships with the companies mentioned. This content is not financial advice.
Sign up for free to ask the AI about this article.
Growth, inflation and rates across the major economies, with the impact on your business.