Local employment market will start to slow this year

The employment sector in the Balearics will shrink slightly this year, but despite a decline in the rate of new jobs being created, foreign workers will still be needed to meet demands of the employment sector. Balearic Minister for Labour, Eberhard Grosske, said yesterday that the rate of growth will fall to around 2.5 per cent this year, but some 10'000 new jobs will still be created with the resident workforce too small to fill the gaps. Grosske said that the deceleration in the job market will provide the region with breathing space to resolve problems such as health and safety at work while improving the quality and efficiency of the work force. The largest amount of jobs will be created in the commercial sector with hostelry also expected to perform well.