Track SP Unemployment Change to gauge economic health, reflecting on consumer spending and labor conditions.
While often considered a lagging indicator, the unemployment figures serve as a crucial gauge of economic health since consumer spending is closely tied to labor market dynamics. This is one of the few non-seasonally adjusted metrics included in the calendar.
What it Measures
Change in the number of unemployed individuals from the previous month.
Usual Effect
'Actual' results falling below 'Forecast' is favorable for the currency.
Source & Frequency
Ministry of Employment (latest release) - https://www.mites.gob.es/en/index.htm • Published monthly, approximately three days after the end of the month.
How Data is Derived
N/A
Also Known As
Jobless Claims, Registered Unemployment, Total Jobseekers
Acronym
N/A