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Spain’s jobless claims mark first drop since February

Spain’s jobless claims mark first drop since February

Spain’s jobless claims dropped for the first time since February in July as the euro area’s fourth-biggest economy reopened business activities after strict lockdown measures to slow the spread of the Covid-19 pandemic.

People filing for jobless claims slipped by 89,849 in July, following an increase by 0.13 percent in June, data from the Labour Ministry showed on Tuesday.

From a year earlier, there were 761,601 more unemployed people, while still there are 3.77 million people unemployed.

On Monday, 968 new coronavirus infections were reported in Spain, as the country has recently been suffering from rising corona cases.

As of 11:12 GMT, the euro surrendered some of its gains versus the U.S. dollar, as it traded at 1.17.71, resuming its ease from Friday’s peak of 1.1908.

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