{"id":116865,"date":"2025-01-29T10:11:37","date_gmt":"2025-01-29T09:11:37","guid":{"rendered":"https:\/\/mallorcaglobalmag.es\/el-paro-en-balears-cae-un-248-gracias-a-la-prolongacion-de-la-temporada-y-la-campana-de-navidad\/"},"modified":"2025-01-29T10:16:02","modified_gmt":"2025-01-29T09:16:02","slug":"el-paro-en-balears-cae-un-248-gracias-a-la-prolongacion-de-la-temporada-y-la-campana-de-navidad","status":"publish","type":"post","link":"https:\/\/mallorcaglobalmag.es\/en\/el-paro-en-balears-cae-un-248-gracias-a-la-prolongacion-de-la-temporada-y-la-campana-de-navidad\/","title":{"rendered":"Unemployment in the Balearic Islands falls by 24.8% thanks to the extension of the season and the Christmas campaign"},"content":{"rendered":"<p>The <strong>Balearic Islands<\/strong> closed the <strong>fourth quarter of 2024<\/strong> with a <strong>significant reduction in unemployment<\/strong>, which fell by <strong>24.8%<\/strong> compared to the <strong>same period of the previous year<\/strong>. According to data from the <strong>Labour Force Survey<\/strong> (EPA), the number of <strong>unemployed people<\/strong> in the archipelago stood at <strong>53,300<\/strong>, representing <strong>17,000 fewer unemployed<\/strong> than in the last quarter of 2023.<\/p>\n<p><img decoding=\"async\" class=\"wp-image-34049 size-full aligncenter\" src=\"https:\/\/mallorcaglobalmag.es\/wp-content\/uploads\/empleo-1-e1738141836386.jpg\" alt=\"employment third quarter 2023 Balearic Islands\" width=\"781\" height=\"520\" \/><\/p>\n<p>This sharp decline is largely explained by the <strong>extension of the tourist season until the end of November<\/strong> and the boost in <strong>hiring during the Christmas campaign<\/strong>, particularly in the <strong>retail sector<\/strong>, as explained by the Balearic Confederation of Business Associations (CAEB). <strong>At the national level<\/strong>, unemployment fell by <strong>9.3%<\/strong>, far below the figure recorded in the archipelago, bringing the total number of <strong>unemployed people<\/strong> in Spain to <strong>2,595,500<\/strong>.<\/p>\n<h3>Unemployment by sector<\/h3>\n<p>By sector, <strong>industry<\/strong> recorded the largest drop in unemployment, with a decrease of <strong>43.8%<\/strong>. It was followed by the <strong>services sector<\/strong>, where unemployment fell by <strong>31.8%<\/strong>. In contrast, <strong>construction and agriculture<\/strong> saw an increase in unemployment, with <strong>rises of 9.5% and 33.3%<\/strong>, respectively.<\/p>\n<p>Despite this significant improvement in employment, the <strong>unemployment rate<\/strong> in the Balearic Islands stood at <strong>8.2%<\/strong>, higher than the <strong>6.2%<\/strong> recorded in the islands during the <strong>summer months<\/strong>. However, this figure remains <strong>below the national average<\/strong>, which reached <strong>11.16%<\/strong>.<\/p>\n<p>Meanwhile, <strong>employment<\/strong> in the Balearic Islands also showed a <strong>remarkable increase<\/strong>, growing by <strong>5.8%<\/strong> compared to the same quarter in 2023, more than <strong>twice the national average<\/strong>, which stood at <strong>2.2%<\/strong>. As a result, the number of employed people in the archipelago rose to <strong>596,900<\/strong>.<\/p>\n<h3>Business efforts<\/h3>\n<p>Awaiting the publication of the January employment data from Social Security affiliation and hiring records, which will provide a more detailed analysis of the labour market based on official records, the president of CAEB, Carmen Planas, highlighted that these figures reflect \u201cthe <strong>business sector\u2019s effort<\/strong> to extend the peak season and link it with the Christmas campaign, as well as the <strong>positive impact of hiring in the retail sector<\/strong> during the past festive season.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Balearic Islands closed the fourth quarter of 2024 with <a href=\"https:\/\/mallorcaglobalmag.es\/en\/el-paro-en-balears-cae-un-248-gracias-a-la-prolongacion-de-la-temporada-y-la-campana-de-navidad\/\"> [&#8230;]<\/a><\/p>\n","protected":false},"author":4,"featured_media":34050,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1515],"tags":[],"class_list":["post-116865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-and-tourism"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - 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