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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SPAIN DATA
Spanish unemployment was 11.27% in Q2, down from 12.29% in Q1.
- The number of unemployed persons fell by 222.6k in Q2 (-7.5% Q/Q NSA), led by a 190.5k fall in the services sector.
- Meanwhile, total employment rose by 434.7k (2.05% Q/Q NSA). Services accounted for 304k of this increase.
- This is unsurprising, with services the largest sector by employment (76% of total employment) and also driving the Spanish economic recovery (the services PMI has been in expansion since September 2023).
- In seasonally adjusted terms, the number of emplyomed persons rose 0.4% Q/Q (vs 0.5% in Q1) while unemployed persons ticked up 1.2% Q/Q (after 14 consecutive quarters of negative Q/Q SA growth).
- Looking ahead, the Spanish expected employment indicator from the European Commission’s business survey remains above the long-run average, last 107.0 versus the 2010-2019 average of 97.9.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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