Spain EUR

Spain Unemployment Rate

Impact:
Medium

Latest Release:

Date:
Big Surprise:
0.66%
| EUR
Actual:
11.36%
Forecast: 10.7%
Previous/Revision:
10.61%
Period: Q1

Next Release:

Date:
Forecast: 11.1%
Period: Q2
What Does It Measure?
The Spain Unemployment Rate measures the percentage of the total labor force that is unemployed but actively seeking employment over a specific period. It primarily focuses on labor market conditions, assessing employment levels, workforce participation, and the overall economic health of the nation.
Frequency
This report is typically released on a monthly basis, with the figures usually published on the last day of the month or the first few days of the following month.
Why Do Traders Care?
Traders closely monitor the unemployment rate due to its significant implications for consumer spending and economic growth, which directly influence stock markets and currency valuations. A reduction in unemployment signals economic recovery and growth, often leading to currency appreciation and bullish sentiment in equities, while an increase may have the opposite effect.
What Is It Derived From?
The unemployment rate is derived from labor force surveys conducted by national statistical agencies, which gather data on employment status among the adult population. This typically includes sample surveys of households or businesses to ascertain labor market conditions and adjust for seasonal fluctuations in employment.
Description
The unemployment rate consists of both preliminary and final reports, where preliminary data is based on early estimates and subject to revisions, while the final data provides a more accurate and comprehensive assessment of labor market conditions once additional information has been reviewed. It is measured as a percentage comparing the number of unemployed individuals to the total labor force, providing insights into economic trends and labor market dynamics over time.
Additional Notes
The unemployment rate is often regarded as a lagging indicator, reflecting past economic conditions rather than predicting future outcomes, but it is essential for understanding current labor market trends. Comparisons with related indicators, such as job creation figures or GDP growth rates, help in discerning broader economic patterns within Spain and in the Eurozone.
Bullish or Bearish for Currency and Stocks
Lower than expected: Bearish for EUR, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
11.36%
10.7%
10.61%
0.66%
10.61%
11.1%
11.21%
-0.49%
11.21%
11.2%
11.27%
0.01%
11.27%
11.4%
12.29%
-0.13%
12.29%
11.8%
11.8%
0.49%
11.76%
11.9%
11.84%
-0.14%
11.84%
11.5%
11.6%
0.34%
11.6%
13%
13.26%
-1.4%
13.26%
12.9%
12.87%
0.36%
12.87%
12.5%
12.67%
0.37%
12.67%
11.9%
12.48%
0.77%
12.48%
13%
13.65%
-0.52%
13.65%
13.1%
13.33%
0.55%
13.33%
14.2%
14.57%
-0.87%
14.57%
14.2%
15.26%
0.37%
15.26%
15.1%
15.98%
0.16%
15.98%
16.6%
16.13%
-0.62%
16.13%
16.6%
16.26%
-0.47%
16.26%
15.9%
15.33%
0.36%
15.33%
16.7%
14.41%
-1.37%
14.41%
15.6%
13.78%
-1.19%
13.8%
14%
13.92%
-0.2%
13.92%
13.85%
14.02%
0.07%
14.02%
13.7%
14.7%
0.32%
14.7%
14.38%
14.45%
0.32%
14.45%
14.5%
14.6%
-0.05%
14.6%
14.9%
15.3%
-0.3%
15.3%
15.8%
16.74%
-0.5%
16.74%
16.2%
16.55%
0.54%
16.55%
16.15%
16.39%
0.4%
16.38%
16.8%
17.22%
-0.42%
17.22%
17.8%
18.75%
-0.58%
18.75%
18.6%
18.6%
0.15%
18.63%
18.7%
18.91%
-0.07%
18.91%
19.3%
20%
-0.39%
20%
20.4%
21%
-0.4%
21%
20.75%
20.9%
0.25%
20.9%
21.05%
21.18%
-0.15%
21.18%
22.15%
22.37%
-0.97%
22.37%
23.1%
23.78%
-0.73%