Spain unemployment unexpectedly declined in March, data from the labor ministry revealed Monday.
The number of unemployed decreased 22,934, or 0.9 percent, in March from the previous month. Economists had forecast a monthly increase of 10,300.
The registered unemployment totaled 2.42 million, which was the lowest figure for the month of March in 18 years, the ministry said.
Compared to last year, unemployment fell 160,426, or 6.2 percent in March.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.