PALMA
UNEMPLOYMENT figures for the Balearics went down in the second quarter of the year by 2.6 percent to stand at 107'800, confirmed a job market report published by the National Institute of Statistics (INE) yesterday.
With 2'900 more people now having secured work in comparison with the first quarter of 2009, the unemployment rate as a percentage of the working population fell by one decimal point to 18.15 percent, higher than the national average which is 17.92 percent.
According to the INE, unemployment has risen in the Islands over the past 12 months by 59'700, 124.21 percent more than during the same quarter in 2008.
Between April and June this year, 36'400 jobs were created in the Balearics (compared to the 44'999 which were lost in the first quarter of the year), resulting in the number of people in work standing at 486'100. Thus over the past year, the number of people in work has fallen by 39'300, a downturn of -7.4 percent. Across the country as a whole, unemployment was on the increase during the second quarter of the year with a further 126'700 people out of work, an upturn of 3.1 percent in comparison with the first quarter. The total number of unemployed in Spain during the second quarter thus stood at 4'137'500 with figures for the jobless as a percentage of the working population rising 5 decimal points to 17.92 percent, its highest in 11 years.
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