Spain | The good number in March underpins the labour market's positive balance in 1Q16

Summary

In line with what was expected, social security affiliation grew by 53 thousand people in March after controlling for seasonal and calendar effects. Unemployment was reduced by 41 thousand. In the whole quarter, the number of affiliates grew by 0,8% QoQ and unemployment fell by 2,4%, which implies a higher dynamism in the labour market in respect to 4Q15.

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