Unemployment in the Canary Islands declined by 22,700 people (-11.21%) in the second quarter of 2023 compared to the previous period, resulting in 179,800 individuals being unemployed. Concurrently, the number of employed people on the islands increased to 999,100 after a growth of 21,900 workers (+2.24%) in comparison to the previous quarter, as reported by the National Statistics Institute (INE) through the Labour Force Survey (EPA) published this Thursday.
In the year-on-year comparison, the number of unemployed in the Canary Islands dropped by 25,200 people compared to the same quarter of 2022, representing a 12.29 percent reduction in percentage terms. Although it has the greatest reduction in the number of unemployed, the region still has one of the highest unemployment rates at 15.25 percent.
During the second quarter, the archipelago also experienced a gain of 49,700 employed people, marking a 5.23 percent increase compared to the same period last year, bringing the current number of individuals employed on the islands to 1,178,900.
UNEMPLOYMENT DECLINES NATIONWIDE IN SPAIN
On a national scale, Spain’s unemployment declined by 365,300 people in the second quarter of the year, representing an 11.7% decrease from the previous quarter, while 603,900 jobs were created (+2.9%), resulting in a historic high of 21,056,700 employed individuals.
This decrease in unemployment during April to June is the highest recorded in a second quarter since 1977, with the total number of unemployed now at 2,762,500, its lowest figure since the third quarter of 2008.
The unemployment rate in Spain decreased by almost 1.7 percentage points in the second quarter, reaching 11.6%, the lowest value since the third quarter of 2008. Additionally, the activity rate rose by four tenths of a point to almost 59%, reflecting an increase in the number of active individuals by 238,600 between April and June (+1%).
Over the past year, unemployment has decreased by 157,000 people (-5.4%), and 588,700 jobs have been created (+2.9%), with the number of active individuals increasing by 431,700 (+1.8%).
According to the INE, the number of wage earners in the second quarter increased by 505,500 people (+2.9%), with 410,100 individuals having permanent contracts (+2.8%) and 95,400 having temporary contracts (+3.2%).
