Palma.Ten percent of all people without a job in the Balearics have a university degree, according to figures released yesterday which underlines the grim prospects for employment in the islands at the moment.
An estimated 56'000 people without a job have secondary schools studies while an estimated 7'000 people have a university degree.
The youth unemployment rate is continuing to cause concern and a sizeable number of young Spaniards have headed abroad to find a job. At least half of young people of workable age are without a job. Trade unions say that the government should be doing more to create jobs for young people.
Spain continues to have one of the highest rates of unemployment in the European Union.
The government hopes that once the summer season gets underway the unemployment rate will fall dramatically.
Thousands of people are employed within the tourist industry in the Balearics at the moment.
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