Track the SP Unemployment Rate to gauge economic health and consumer spending trends.
While often considered a lagging indicator, the unemployment rate serves as a crucial indicator of the overall economic climate, as consumer spending closely follows labor market trends.
What it Measures
The percentage of the total workforce that is unemployed and actively seeking employment in the previous quarter.
Usual Effect
'Actual' figures lower than 'Forecast' are favorable for the currency.
Source & Frequency
National Statistics Institute (latest release) - https://www.ine.es/en/index.htm • Published quarterly, approximately 30 days after the end of the quarter.
How Data is Derived
N/A
Also Known As
Jobless Rate
Acronym
N/A