According to BBVA Research, the unemployment rate in the Balearics could touch an all-time low by 2019. The forecast is for 7.8%, which would be one of the lowest recorded in Spain and almost half an anticipated 14% rate for the whole year.
Economy
Balearics unemployment rate could reach an historical low in 2019
Also in News
- Emergency declared on Ryanair flight bound for Palma from Dublin
- British tourists will be “tracked” while on holiday in Mallorca
- Mallorca ambassador Sir Bradley Wiggins has “lost” his Mallorca home
- Mallorca restaurants losing clients, tourists tighten their belts
- Mallorca hotelier - "I wouldn't go to a place where I perceived there to be animosity towards tourists"
3 comments
To be able to write a comment, you have to be registered and logged in
This could soon be reversed. Thomas Cook announced today that the price of some summer holidays would increase by 6% due to the Spanish hotels increasing their prices.
And so it should be as the economy is in a tourist boom.
What a difference a day makes,the front page of the Daily Bulletin today states that the Balearics are heading for a record jobless rate,from boom to bust in one day,truly remarkable,would the Daily Bulletin care to explain this change in fortune in the space of one day or do you just make it up as you go along.?