The number of unemployed people in Spain fell unexpectedly in November, easing concerns over the country’s economic outlook, official data showed on Tuesday.
In a report, Spain’s Employment Ministry said the number of unemployed people declined by a seasonally adjusted 2,500 last month, compared to expectations for an increase of 44,300.
The number of unemployed people rose by 87,000 in October.
Following the release of the data, the euro was higher against the U.S. dollar, with EUR/USD inching up 0.09% to trade at 1.3553.
Meanwhile, European stock markets were lower after the open. Spain’s IBEX35 shed 0.25%, the EURO STOXX 50 dipped 0.2%, France’s CAC 40 declined 0.3%, Germany’s DAX lost 0.1%, while London’s FTSE 100 edged 0.2% lower
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