Spanish jobs’ website, InfoJobs, reckons that unemployment in the Balearics will be 21.6% in 2016 and fall to 19.7% in 2017. Were this to be the case, then the Balearics would have the fifth highest unemployment rate in the country next year behind Andalusia (forecast to be 29%), Extremadura, the Canaries and Castile-La Mancha. In 2017, the Balearics would drop to sixth, with Murcia moving into fifth with a rate similar to that predicted for 2016 (21.5%). Unemployment in other regions is also forecast to fall, the national leader, Andalusia, having a rate of 26.7% by 2017.
Employment
Balearic unemployment will fall over the next two years
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I really do hope that unemployment in the Balearics and the rest of Spain falls even lower than predicted but I have my doubts as so many regions of Spain rely very heavily on tourism and that tourism is influenced by many factors that are outside Spain's control such as unemployment in other countries,the value of the Euro and the cost of hotels and flights and people just going to other countries either because they are cheaper or have more modern hotels and resorts. Introducing a new tourist tax won't help matters either.