Spanish unemployment rises 2.4%

The number of unemployed people in Spain unexpectedly rose by 113,100 in January to 4.81M after a fall of 107,600 in December. Consensus was for a drop of 21,300.

However, the seasonally adjusted unemployment fell by 3,907 people, while the non-SA figure was the smallest in January since 2007.

The IBEX 35 (EWP) is -0.6%. (PR)

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