The labour market of the Balearic Islands closed September with a drop in unemployment of 6.8% compared to the same month last year, which equals 1,908 fewer unemployed people and brings the total to 26,054 unemployed.

Unemployment in Balearic Islands

Despite this annual decline, compared to August there was a slight monthly increase of 86 people (+0.3%), related to the end of part of the tourist season, according to the Minister of Labour, Public Function and Social Dialogue, Catalina Cabrer.

The administrative unemployment rate stands at 3.8%, an indicator that confirms an environment of near full employment in the autonomous community.

“The Balearic Islands are recording a historically low number of unemployed people, with a significant reduction over the past year. We have observed that September is consolidating as a high season month, just like July and August,” Cabrer highlighted.

Unemployment evolution by island

The distribution of unemployment in September shows different trends across each island:

  • Mallorca: 21,936 unemployed (-7.5% year-on-year, -0.5% monthly)

  • Menorca: 1,672 unemployed (-4.6% year-on-year, +5.2% monthly)

  • Ibiza: 2,343 unemployed (+0.1% year-on-year, +3.6% monthly)

  • Formentera: 103 unemployed (-29.5% year-on-year, +49.3% monthly)

Increase in Social Security affiliation

Social Security affiliation also shows a positive trend. In September, the Balearic Islands reached 653,407 affiliates, 2.4% more than last year (+15,493 workers).

By economic sector, the data is as follows:

  • Industry: +1.8%

  • Construction: +2.5%

  • Services: +2.7% (with increases in commerce +1.0%, hospitality +1.9%, and other services +3.8%)

  • Agriculture: -0.6%

Furthermore, the number of self-employed workers (+2.1%) and active companies (+0.8%) rose, which consolidates the positive evolution of the productive fabric, Cabrer highlighted.

Permanent contracts above the national average

The number of contracts registered in September amounted to 32,603, representing an increase of 24.4% compared to August and 3.4% compared to September 2024.

Of these, 62% were permanent, a percentage well above the national average of 43.3%.

By island, the contract figures were as follows:

  • Mallorca: 26,698 contracts (+32.1% monthly, +4.2% year-on-year)

  • Menorca: 1,935 contracts (-3.1% monthly, +16.5% year-on-year)

  • Ibiza: 3,757 contracts (+1.5% monthly, -7.3% year-on-year)

  • Formentera: 213 contracts (-26.3% monthly, -1.8% year-on-year)

“We continue working to create quality employment, with permanent contracts and sustained reductions in unemployment,” highlighted the Minister of Labour.