• Spanish unemployment rose more than expected in August

Market news

4 September 2017

Spanish unemployment rose more than expected in August

The number of unemployed registered in the offices of the Public Employment Service (SEPE) has increased in August by 46,400 people in relation to the previous month. In the last 8 years this month registered unemployment had increased by 44,063 people.

Thus, the total number of registered unemployed stands at 3,382,324. It reaches its lowest level in the last 8 years. In seasonally adjusted terms, unemployment rises to 11,437 people. In the last 12 months, unemployment has been reduced by 315,172 people, with one month remaining a high annual rate of reduction, which stands at 8.52%.

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