Investing.com - The number of unemployed people in Spain rose more-than-expected in September, underling concerns over the country’s economic outlook, official data showed on Wednesday.
In a report, Spain’s Employment Ministry said the number of unemployed people increased by a seasonally adjusted 25,600 in September, compared to expectations for a rise of 12,300.
The number of unemployed people in Spain was flat in August.
Following the release of the data, the euro was modestly lower against the U.S. dollar, with EUR/USD easing down 0.1% to trade at 1.3513.
Meanwhile, European stock markets were lower after the open. Spain’s IBEX35 fell 0.55%, the EURO STOXX 50 dipped 0.5%, France’s CAC 40 declined 0.85%, Germany’s DAX shed 0.65%, while London’s FTSE 100 edged 0.7% lower
In a report, Spain’s Employment Ministry said the number of unemployed people increased by a seasonally adjusted 25,600 in September, compared to expectations for a rise of 12,300.
The number of unemployed people in Spain was flat in August.
Following the release of the data, the euro was modestly lower against the U.S. dollar, with EUR/USD easing down 0.1% to trade at 1.3513.
Meanwhile, European stock markets were lower after the open. Spain’s IBEX35 fell 0.55%, the EURO STOXX 50 dipped 0.5%, France’s CAC 40 declined 0.85%, Germany’s DAX shed 0.65%, while London’s FTSE 100 edged 0.7% lower