Seasonal effects likely to raise Spain's unemployment rate in November

Seasonal effects drives Spain's November unemployment month on month to increase for a fourth straight month. The labor force is crowded by more people this time in the year. 

The rate is likely to decline in the months to come, as the country's growth remains above the trend, supported by past reforms. The high duality of the labor market still remains a concern, because of the share of temporary workers.

Societe Generale expects the November's Unemployment rate mom to increase by 39k, while previous month, it was at 82.3.