Spain's unemployment increased more than expected in August but the overall level was the lowest for the month since 2007, data from the labor ministry revealed on Tuesday. The number of unemployed increased 21,905 from the previous month in August, while figures were expected to rise moderately by 14,200.
On a yearly basis, unemployment fell by 145,610 in August. Consequently, registered unemployment totalled 2.43 million, which was the lowest level since August 2007.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.