(Bloomberg) — Spanish unemployment unexpectedly rose in the first quarter, signaling stronger economic growth is not yet reaching the labor market.
The jobless rate increased to 23.78 percent from 23.7 percent in the previous quarter, the National Statistics Institute in Madrid said Thursday.
The increase marks the second consecutive quarter in which Spanish unemployment has risen. Economists forecast unemployment to stay unchanged for the quarter, according to the median of nine estimates in a Bloomberg News survey.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
