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
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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.?