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Spanish jobless claims fall by 111,900 in May

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Investing.com -

Investing.com - The number of unemployed people in Spain declined broadly in line with market expectations in May, easing concerns over the health of the euro zone's fourth largest economy, official data showed on Tuesday.

In a report, Spain's Employment Ministry said the number of unemployed people fell by a seasonally adjusted 111,900 last month, compared to expectations for a decline of 112,300. The number of unemployed people fell by 111,600 in April.

Following the release of the data, the euro was little changed against the U.S. dollar, with EUR/USD inching up 0.04% to trade at 1.3602.

Meanwhile, European stock markets were mixed after the open. Spain's IBEX 35 climbed 0.1%, the Euro Stoxx 50 dipped 0.1%, France's CAC 40 fell 0.1%, Germany's DAX picked up 0.1%, while London's FTSE 100 shed 0.1%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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