{"id":71727,"date":"2024-11-05T10:04:28","date_gmt":"2024-11-05T09:04:28","guid":{"rendered":"https:\/\/lavozdeibiza.com\/sin-categorizar\/2024\/11\/05\/unemployment-in-the-balearic-islands-falls-6-7-year-on-year-in-october-to-its-lowest-figure-since-2001\/"},"modified":"2024-11-05T10:04:28","modified_gmt":"2024-11-05T09:04:28","slug":"unemployment-in-the-balearic-islands-falls-6-7-year-on-year-in-october-to-its-lowest-figure-since-2001","status":"publish","type":"post","link":"https:\/\/lavozdeibiza.com\/en\/current-news\/unemployment-in-the-balearic-islands-falls-6-7-year-on-year-in-october-to-its-lowest-figure-since-2001\/","title":{"rendered":"Unemployment in the Balearic Islands falls 6.7% year-on-year in October to its lowest figure since 2001"},"content":{"rendered":"<p>In October, the <a href=\"https:\/\/lavozdeibiza.com\/actualidad\/2024\/10\/02\/el-paro-baja-en-baleares-en-septiembre-un-72-y-el-empleo-crece-un-34\/?swcfpc=1\">number of unemployed<\/a> in <a href=\"https:\/\/lavozdeibiza.com\/category\/baleares\/?swcfpc=1\"><strong>Balearic Islands<\/strong><\/a> stood at <strong>29,489 people<\/strong>, marking a drop of <strong>6.7%<\/strong> compared to the same month of the previous year. This decrease, which is equivalent to <strong>2,126 fewer unemployed<\/strong>, makes October 2024 the month with the fewest registered unemployed in the archipelago since 2001, according to data provided by the <strong>Ministry of Labor and Social Economy<\/strong>. However, compared to September 2024, unemployment has increased by <strong>5.5%<\/strong> with <strong>1,527 new unemployed<\/strong> in the last month. By sectors, unemployment continues to affect mainly the <strong>Services<\/strong> sector, which concentrates <strong>21,660 unemployed<\/strong> after an increase of <strong>1,718 people<\/strong> (+8.61%) in October.<\/p>\n<p> In <strong>Construction<\/strong>, unemployment decreased with <strong>103 less unemployed<\/strong> (-2.63%), while in <strong>Agriculture<\/strong> and <strong>Industry<\/strong> the data show a slight increase of <strong>9<\/strong> (+2.44%) and <strong>8<\/strong> (+0.63%) unemployed, respectively. The analysis by gender reveals that, of the 29,489 unemployed in October, <strong>16,540 are women<\/strong> and <strong>12,949 are men<\/strong>, experiencing increases of <strong>5.9%<\/strong> and <strong>4, %<\/strong>, respectively, compared to the previous month. As for young people under 25 years of age, unemployment grew by <strong>13%<\/strong> in October, adding <strong>423 new unemployed<\/strong> in this group, while in people aged 25 and over, the increase was <strong>4.47%<\/strong> with <strong>1,104<\/strong> additional <strong>unemployed<\/strong>.<\/p>\n<p>On the other hand, unemployment among the <strong>foreign population<\/strong> has also registered an increase of <strong>15.6%<\/strong> with respect to September, reaching <strong>6,268 unemployed foreigners<\/strong> in the community.<\/p>\n<h2>Hiring and benefits<\/h2>\n<p>In terms of hiring, October closed with <strong>29,041 contracts<\/strong> registered in the Balearic Islands, <strong>7.5%<\/strong> more than in the same month of the previous year. Permanent contracts experienced a year-on-year growth of <strong>9%<\/strong> and accounted for <strong>61.31%<\/strong> of the total, while temporary contracts, which accounted for <strong>38.69%<\/strong> of the total, increased by <strong>5.3%<\/strong> year-on-year. Finally, in the area of benefits, <strong>9,454 applications<\/strong> were registered in September, with a total of <strong>24,601 beneficiaries<\/strong> in the Balearic Islands, of whom <strong>14,855<\/strong> receive a contributory benefit, <strong>8,989<\/strong> a subsidy and <strong>757<\/strong> the Active Insertion Income. Total expenditure on benefits amounts to <strong>31.9 million euros<\/strong> in the archipelago.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By sector, unemployment continues to affect mainly the Services sector, which concentrates 21,660 unemployed after an increase of 1,718 people.<\/p>\n","protected":false},"author":1,"featured_media":71725,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4612,2910,3287],"tags":[2912,5074,5106],"ppma_author":[2663],"class_list":["post-71727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-baleares-en","category-current-news","category-society","tag-actualidad-3-en","tag-balearic-islands","tag-employment"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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