Source Spanish Employment Ministry (latest release)
Measures Change in the number of unemployed people during the previous month;
Usual Effect Actual < Forecast = Good for currency;
Frequency Released monthly, about 3 days after the month ends;
Next Release Dec 2, 2014
FF Notes This is among the few non-seasonally adjusted numbers reported on the calendar;
Why Traders
Care Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions;
Also Called Jobless Claims, Registered Unemployment, Total Jobseekers;