Seeking Alpha

Improvement in Spanish jobs situation way better than expected

  • Spanish jobless claims dropped by 107,600 to 4.7M in December, the second-largest fall ever recorded after the June figure plummeted by over 127,000.
  • The decline in December was far greater than the drop of 2,500 in November and consensus of 24,300.
  • The improvement in unemployment adds to evidence that Spain is slowly digging itself out of its massive recession.
  • The IBEX 35 (EWP) is -0.15%, while the euro is -0.1% at $1.3653. (PR)
From other sites
Comments (1)
  • bdarken
    , contributor
    Comments (492) | Send Message
    Does it mean that they actually have a job…
    Or just no longer counted, as is done in the USA?
    3 Jan 2014, 07:48 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs