Balearicss leads the increase in unemployment

A further 10'396 people lost their jobs in November this year, an increase of 11.96 percent compared to October.
According to the Balearic Job Centre (SOIB) there were a total of 97'320 people without work in the Islands last month.
So yet again the Balearic Islands had a sharp upturn in unemployment following a 14.27 percent rise in October.
It was the third consecutive month when unemployment has risen in the region, a disappointing trend after jobless numbers consistently fell between January and August this year.

Over the past 12 months, a further 5'271 people in the Islands have become jobless. The figure is a 5.73 percent year-on-year increase compared to November last year. However, it is not as high as the increase in unemployment at a national level where the year-on-year upturn last month was 7.55 percent.

All islands of the Balearics experienced an increase in unemployment in November compared to figures for the previous month of October and all registered rising job losses on a year-on-year basis.

The worst affected sector was in Agriculture - unemployment was up by 14.9 percent last month in comparison with the same month in 2010, and by 1.1 percent when compared to October. In Industry, jobless figures were up 1.3 percent on a year-on-year basis but even higher (5.5%) compared to the previous month of October this year, there was a drop in jobless numbers of 638 (-3.7%). In the Services sector, year on year unemployment rose by 7% (4'619).