In October, the Balearic Islands once again recorded historic figures in terms of social security affiliation, with 603,398 affiliationswhich implies an increase of 19,922 people compared to the same month last year (+3.4%). The Islands are among the territories that generate the most jobs in interannual terms in October. Across Spain, the average annual increase in membership was 2.5%.
If we compare the October data with those of the previous month, a decrease of 34,516 affiliations in the Balearics, i.e. 5.4% less. Across Spain, membership increased by 0.6% compared to the previous month.
The regional secretary of Labor, Employment and Social Dialogue, Catalina Cabrercelebrated the fact that the Balearic Islands continue to be among the leading communities in terms of job creation and highlighted the stability manifested in the figures of adherents in the month of October, “which indicates that the tourist season is is elongated and continues to elongate. .
Regarding unemployment, in the month of October, 29,489 unemployed people were registered in the Balearic Islands compared to a year ago, which represents a decrease of 2,126 people (-6.7%). Unemployment is decreasing mainly in Menorca (-9.3%), followed by Mallorca (-7.0%) and Ibiza (-3.2%). On the other hand, it increased by 5.1% in Formentera. Across Spain as a whole, unemployment fell by 157,350 people (-5.7%) over one year.
Cabrer indicated that since 2001, the unemployment rate has not decreased year-on-year for the month of October. “Unemployment has decreased in one year, even though the tourist season is already coming to an end,” he explained.
The administrative unemployment rate for the month of October was 4.7%, or 0.5 points below the data recorded a year ago.
By group, unemployment is decreasing compared to a year ago among women (-8.3%), those over 25 (-8.2%) and Spaniards (-8.9%). On the other hand, unemployment is increasing among those under 25 (+4.8%), EU foreigners (+2.1%) and non-EU foreigners (+2.3%). Unemployment falls in all sectors and more significantly in the rest of the sectors and services (-11.4%)in industry (-7.9%) and in agriculture (-6.2%). Long-term unemployment of people registered for more than 12 months decreased by -8.3%.
‼️New historic number of memberships in October with 603,398 people 👉 increase of 3.4% compared to the previous period of 2023
👷L’atur baixa
– 5.4% compared to the month of September
– 6.7% compared to the mateix month of any passatMonth ℹ️ pic.twitter.com/nJZuC5gw5q
– Department of Business, Occupation and Energy (@conselleriaEOE) November 5, 2024
Self-employed people and job seekers
Regarding the self-employed worker regime, a total of 104,042 people were affiliated in the Balearic Islands in the month of October, a figure that represents the 17.2% of total registered employment. People who have chosen this type of affiliation increased by 2,470 compared to a year ago (+2.4%) and they decreased by 1,037 (-1%) compared to the previous month.
The number of job seekers in the Balearic Islands in October was 73,180 people, which represents a drop of 1,035 people (-1.4%) compared to October 2023. Job seekers experienced a decline in all islands, except in Formentera where they increased by +0.6%. In Menorca this figure drops by -2.3%, in Mallorca by -1.4% and in Ibiza by -0.8%.
Assessments of the CAEB, PIMEM and UGT
The Confederation of Business Associations of the Balearic Islands (CAEB) pointed out that the decrease in unemployment in October at the annual level (-6.7%) consolidates the seasonal adjustment of the high season which, according to him, is already established until November.
In a press release published Tuesday, the CAEB underlines that “the annual decline in unemployment in the Islands slows by half a percentage point, approaching the pace of the national average”.
In this sense, the president of the CAEB, Carmen Planas, highlighted the “commercial effort” of hotels and restaurants and the rest of the companies linked to the tourism sector to keep open “to a large extent” and “overcome all the difficulties” until ‘past Tots Sants bridge.
For his part, the president of the Federation of Small and Medium Enterprises of Mallorca (PIMEM), Jordi Mora, gave a “very positive” assessment of the data, highlighting the “effort” of companies in creating jobs and jobs.
Likewise, Mora stressed that these figures confirm the possibility of extending the tourist seasonadding that this month of October was accompanied by good weather. “They confirm more than 15 months of very important data on job creation in the Balearic Islands,” he concluded.
From Balearic Islands CGUOn the other hand, he regretted this Tuesday that the living conditions of society on the Islands have not improved despite the setting of a “new employment record” in October with 603,398 people affiliated to Social Security and unemployment figures “at a minimum”. ” which does not exceed the “psychological barrier” of 30,000 unemployed.
The spokesperson for the manager of UGT Baleares, Xisca Gariattributed the “good data” recorded by the labor market in October to the lengthening of the tourist season, but stressed that they also reveal the “insufficiencies” of the archipelago’s economy.
Thus, he stressed that the Balearic Islands continue to suffer “the handicap of having a seasonal economy with an impoverished society, without access to housing and with health deteriorated by high rhythms and workloads, due to lack of personnel in private companies and in the public sector.
“We have more months of tourist season and that is positivebut the models are at minimum levels, they do not adjust to the activity levels that are recorded at the end of the season, which means that the heavy loads and work rhythms add to the excess hours that are have been dragging on for months. , he explained.
