In March, the number of registered unemployed in Spain fell by 0.9%, reaching 2.42 million. Over the month, more than 80,000 new jobs were created, bringing the total number of employed people to 22.01 million.
In March, the unemployment rate in Ireland rose to 4.7%, slightly higher than the figures for February and last year. Despite this moderate increase, the labor market remains relatively stable.
A member of the Bank of England's Monetary Policy Committee stated that the bank will likely soon stop facing a trade-off between slowing growth and inflation. Economic indicators are weakening, inflation and wage growth are below expectations, and unemployment is higher than forecasted.