Investing.com - The number of unemployed people in Spain rose more-than-expected in October, adding to concerns over the country’s economic outlook, official data showed on Monday.
In a report, Spain's Employment Ministry said the number of unemployed people rose by a seasonally adjusted 128,200 in October, above expectations for an increase of 90,500.
The number of unemployed people in Spain rose by an unrevised 79,600 in September.
Following the release of the data, the euro added to losses against the U.S. dollar, with EUR/USD shedding 0.34% to trade at 1.2793.
Meanwhile, European stock markets were dowb after the open. Spain’s IBEX35 tumbled 1.1%, the EURO STOXX 50 dipped 0.7%, France’s CAC 40 fell 0.65%, Germany's DAX shed 0.55%, while London’s FTSE 100 edged 0.5% lower.
In a report, Spain's Employment Ministry said the number of unemployed people rose by a seasonally adjusted 128,200 in October, above expectations for an increase of 90,500.
The number of unemployed people in Spain rose by an unrevised 79,600 in September.
Following the release of the data, the euro added to losses against the U.S. dollar, with EUR/USD shedding 0.34% to trade at 1.2793.
Meanwhile, European stock markets were dowb after the open. Spain’s IBEX35 tumbled 1.1%, the EURO STOXX 50 dipped 0.7%, France’s CAC 40 fell 0.65%, Germany's DAX shed 0.55%, while London’s FTSE 100 edged 0.5% lower.