People wait outside an employment office in Ibiza.

03-11-2015DE

Unemployment in the Balearics at the end of May was just under 50,000. It was down by 15% over May 2015 and by almost 15% over April this year. On both indicators, the percentage reductions in the islands' unemployment are the largest for all regions of Spain.

The actual number of people coming off the unemployment register was 8,455 compared with April and 8,846 in comparison with May 2015. There were higher actual numbers coming off the register in Andalusia (over 21,000 fewer), Catalonia and Madrid.

National unemployment fell by nearly 120,000 last month and dipped below four million for the first time since August 2010: there were 3,891,403 registered unemployed last month. The reduction was the highest for a May since current records began in 1996.

Over the past twelve months unemployment has fallen by more than 323,000, giving an annual rate of reduction of 7.7%. Youth unemployment has fallen by 12.4%.  

The unemployment figures will give the acting prime minister, Mariano Rajoy, a boost going into the June general election. Nevertheless, Spain's unemployment is still the second highest in the Eurozone after Greece's. It is down from the peak of 26.9% in early 2013, but stands at 21%.

A political analyst has suggested that if the campaign for the upcoming election is to mean anything, then the jobs' numbers are significant, as employment is about the only issue the governing Partido Popular has to campaign on.

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Sean Dobson / Hace over 5 years

To me,it makes no sense to jeopardize the recovery and rising employment rates by introducing a new tourist tax because whatever the amount of tourist tax a family has to pay,that is the amount that they will no longer spend in bars,restaurants,cafes et al whereas it won't affect single people that much.

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