Spain unemployment dropped to 4-year low

Noam Stiekema

The Spain unemployment dropped to 4-year low after adding 411 thousand new jobs in Q2 2015. This happens against the background of accelerating economic growth and before the start of the summer tourist season, which highly reflects the labor market in the country. The number of unemployed Spanish citizens in Q2 2015 decreased by 295 […]

Spain unemployment

Spain unemploymentThe Spain unemployment dropped to 4-year low after adding 411 thousand new jobs in Q2 2015. This happens against the background of accelerating economic growth and before the start of the summer tourist season, which highly reflects the labor market in the country. The number of unemployed Spanish citizens in Q2 2015 decreased by 295 thousands to 5.15 million people. This represents 22.4% from the workforce, the level which is the lowest since 2011. In comparison for the Q1 2015 the unemployment rate was 23.8%.

The unemployment in Spain is still the second highest in the European Union after Greece (25.6%). This is mainly due to large cuts after the bursting of the housing bubble in 2008, destroyed the once powerful local construction sector. In most of the early stages of the economic crisis rising unemployment was leader in EU and even reached 26.9% in Q1 2014, just when the economy showed signs of recovery. Since then Spain unemployment falls rapidly

The Spain economy is among the fastest growing in the Eurozone after 2013. The gross domestic product increased by 0.9% quarterly and 2.7% yoy in the first quarter of 2015 due to the growing domestic demand. The Spanish government expects growth in the second quarter of 2015 to exceed 1%.

Read this next

Retail FX

Malaysia regulator exposes OctaFX clone, shady FB profiles

Malaysia’s financial regulator today warned online investors about the risks of following investment tips made on social-media platforms.

Digital Assets

Crypto trading volume spikes at Swiss bourse amid FTX collapse

The shockwaves from the historic collapse of Sam Bankman-Fried’s crypto empire are still being felt across the industry, but some trading venues are actually doing better because of it.

Executive Moves

CMC Markets adds Camilla Boldracchi to institutional sales

UK’s biggest spread better, CMC Markets has promoted Camilla Boldracchi to take on an expanded role within its institutional sales desk.

Institutional FX

FXSpotStream reports $1.48 trillion in monthly volume for November

FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, reported its operational metrics for November 2022, which moved higher on a yearly basis but reflected weak performance across executed trade volumes when weighed against the figures of the prior month.

Retail FX

Interactive Brokers’ client activity drops 30% YoY

Interactive Brokers LLC (NASDAQ:IBKR) saw 1.95 million daily average revenue trades, or DARTS, in November 2022 compared to 1.96 million transactions in the prior month.

Digital Assets

The rise of Crypto ETPs in traditional exchanges as crypto winter deepens

Institutional investors are increasingly looking at traditional regulated exchanges as their first route into digital assets amid market turmoil caused by the crypto winter and the collapse of several big names within the space, including FTX. Acuiti and Eurex surveyed 191 buy and sell-side firms on their views of the digital assets markets in order […]

Digital Assets

TP ICAP’s crypto arm receives FCA’s go-ahead

UK interdealer broker TP ICAP has received a regulatory go-ahead to launch its cryptocurrency services in the UK. The bid shows that the recent collapse of FTX exchange has done little to damp the interest of big names in running their own crypto business.

Industry News

Coin Signals founder to pay $2,847,743 after prison sentence over crypto Ponzi scam

The U. S. District Court for the Southern District of New York has ordered Jeremy Spence, founder of Coin Signals, to pay $2,847,743 in restitution to victims of a fraudulent virtual currency scheme.

Digital Assets

CME Group goes DeFi: Reference rates and real-time indices of Aave, Curve, Synthetix

“These rates are designed to provide traders, institutions and other users transparency and price discovery across a much broader range of tokens, allowing them to confidently and more accurately value cryptocurrency sector specific portfolios and manage price risk around various blockchain-based projects.”

<