Unemployment figures fall in the Balearic Islands as the economy rebounds

Unemployment figures fall in the Balearic Islands as the economy rebounds. Image: CAEB

Unemployment has dropped significantly in the Balearic Islands, making the unemployment reduction rate double the national average.

On July 4, the president of the Confederation of Business Associations of the Balearic Islands (CAEB), Carmen Planas, assessed the June figures for social security registration, unemployment and hiring that had been presented earlier. earlier the same day by the Spanish government.

The fall in unemployment in the Balearic Islands remained the same (-45.4 percent), twice the national average (-20.3 percent). This reduction means that 34,248 people are currently unemployed in the Balearic Islands, compared to 62,749 a year ago.

Planas said: “Although the employment numbers are positive, we have yet to return to pre-pandemic levels of economic activity.” The conflict in Ukraine and extreme inflation are “elements that create uncertainty for businesses, especially regarding this year’s autumn-winter season”.

The economy of the Balearic Islands “is still recovering from the huge hole left by Covid-19 because we were the autonomous community that suffered the most in 2020”, she added.

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