Unemployment Rate

Declining or lower than expected unemployment rates are positive for the economy and the local currency as they reflect a robust economy and higher economic growth. A low unemployment rate is correlated with increased consumer spending, as a larger amount of people are active in the labor market, which increases the GDP growth rate.
The unemployment rate in Spain went down to 16.38 percent in the third quarter of 2017 from 17.22 percent in the previous period. It is a new low since the last three months of 2008 when the jobless rate was 13.79 percent. In Spain the number of jobless people fell by 182.6 thousand to 3.731 million, also the lowest since the last quarter of 2008.
The unemployment rate in Spain peaked in early 2015 with a figure of 23.78%, but since then it has been is a declining trend. This is a positive macroeconomic and fundamental factor for Spain and the Euro as well.