Unemployment in the Canary Islands sees a 1.81% increase in October

In October there was an increase of 3,072 persons, equivalent to a rise in unemployment of 1.81%. However, if we look at the annual comparison, this indicator has decreased by 14,734.

Unemployment in the Canary Islands rose in October, with 3,072 more people without jobs, representing a 1.81% increase. However, when viewed in comparison to the previous year, the unemployment rate has actually fallen by 14,734, marking a reduction of 7.84%. This places the total number of unemployed individuals in the Islands at 173,170.

According to data released by the Ministry of Labour, Las Palmas and Santa Cruz de Tenerife provinces both experienced an increase in registered unemployment, with rises of 1.64% and 1.99% respectively. This translated to 1,453 and 1,619 more people unemployed in these provinces.

When looking at the yearly evolution of unemployment by province, there have been decreases of 7.46% in Las Palmas and 8.25% in Santa Cruz de Tenerife. This means that in the last year, unemployment has fallen by 7,266 and 7,468 persons in these respective provinces, resulting in a total of 90,140 and 83,030 unemployed individuals.

Unemployment in the Canary Islands sees a 1.81% increase in October

The service sector in the Canary Islands, the most affected by unemployment

In terms of sectors, the service sector has been the most affected, with 132,757 people unemployed in this category. The total number of unemployed in different sectors includes 3,596 in agriculture, 6,515 in industry, 15,554 in construction, and 14,748 in the group without previous employment.

During October, 63,566 contracts were signed in the Canary Islands, representing an increase of 9.34% compared to September. However, this number is still 5.25% lower than in the same month of the previous year. Of these contracts, 28,696 were permanent, while 34,870 were temporary.

In September, 25,141 applications for benefits were registered in the Canary Islands, with 21,099 of them being recognized within an average period of 0.28 days. In Las Palmas, 47,024 people were receiving unemployment benefits, and in Santa Cruz de Tenerife, there were 43,048 recipients, making a total of 90,072 individuals in the Canary Islands benefiting from these aids. This represents an expenditure of 88,371 million euros, with an average benefit amount of 933.8 euros.

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