The Balearic Islands, The Fastest Growing Area Of The Coved Unemployment Rate

2021-01-28   |   by CusiGO

According to the latest labor force survey (EPA), in 2020, the overall impact of the epidemic on the labor market punished Spain as a whole, This resulted in 622600 unemployed and 527900 unemployed, with only four autonomous regions: Murcia, Estremadura, Galicia and Ceuta, which were the only regions to improve unemployment data compared with the last reported fourth quarter of 2019 Sampling. On the other hand, the number of unemployed people in the Balearic Islands is 109900, which is 75% higher than that in 2019. This is the largest proportion of tourism losses in the Balearic Islands due to restrictions on international mobility.

Estremadura’s unemployment fell by 12200 (- 10.4%), followed by Murcia (- 5500, – 4.7%), Galicia (- 3200, – 2.16%) and Ceuta (- 800, – 7.34%). Compared with last year, the proportion of the platoon with Madrid community (+ 127700, + 36.2%), Catalonia community (+ 132100, + 32.56%), Navarra community (+ 8200, + 28.8%) and Canary Islands community (+ 61600, + 28.3%) is significantly worse, far behind the Balearic Islands.

In terms of occupation, all the territories except estramadura (5500 jobs (+ 1.44%), the municipality of melilia (+ 4500, + 16.6%), Murcia (+ 2100, + 0.35%) and larioha (+ 400, + 0.26%) destroyed jobs in 2020. By contrast, Catalonia lost 137600 jobs (- 3.9%), Canary Islands (- 112800, – 12%), Madrid (- 107100, – 3.37%), Valencia Community (- 72500, – 3.44%) and Andalusia (- 53000, – 1.69%). However, compared with the third quarter, the employment rate decreased in seven regions and increased in 10 regions. The biggest drop was in the Balearic Islands, where 50000 people were unemployed (- 8.7%). Murcia (- 4500, – 0.7%), Cantabria (- 3600, – 1.5%), Galicia (- 1600, – 0.2%), Estremadura (- 1100, – 0.3%), Navara (- 1000, – 0.4%) and Basque (- 400, – 0.04%).

Although Spain’s production structure was gradually destroyed and the labor market was mercilessly affected in the months of the pandemic, in the last quarter, 10 communities successfully prevented this downward trend, and there were some small green outbreaks. Among them, Andalusia (unemployment decreased by – 25100, – 2.7%), Valencia Community (24800, – 5.8%) and Murcia (16800, – 13.1%). Catalonia (+ 31300, + 6.2%), Balearic Islands (+ 21900, + 24.9%), Madrid (+ 21000, + 4.6%), Navarra (+ 5900, + 18.9%), Canary Islands (+ 5300, + 1.95%), Aragon (+ 4400, + 5.8%) and Estremadura (+ 2500, + 2.43%).

Based on the unemployment rate, according to the records of the National Bureau of Statistics (INE), Basque is the autonomous region with the lowest unemployment rate in Spain (9.96%), followed by LaRioja (10.36%), Castilla and Leon (10.61%). The lowest steps were Ceuta (26.74%), Canary Islands (25.22%), melilia (23.83%), Andalusia (22.74%), Estremadura (21.32%), Castilla Raman cha (17.39%) and Balearic Islands (17.34%).