Key insights
- Spanish unemployment registrations fell by 0.9% in March, with 80,274 net formal jobs added. While positive for the Spanish economy, the direct impact on U.S. equities is limited. A stronger European economy could indirectly benefit U.S. multinationals, but the effect is marginal given other macroeconomic factors.
Investing.com -- Spain’s jobless registrations declined by 0.9% in March compared to February, dropping by 22,934 people to a total of 2.42 million unemployed, according to Labour Ministry data released on Monday.
The country added 80,274 net formal jobs in March, bringing the total to 22.01 million positions, based on calendar-adjusted and seasonally-adjusted figures from the Social Security Ministry.
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