This is 108,100 more employed people than in the first quarter of the year – a 20.3 per cent increase.

The second quarter EPA

Employment in the second quarter of 2023 in the Balearic Islands stood at 640,300 people, according to data from the latest Labour Force Survey (EPA), published today by the INE.

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This is 108,100 more employed people than in the first quarter of the year – a 20.3 per cent increase – and 27,900 more employed people, 4.6 per cent, compared to the previous year.

Likewise, the EPA indicates that the active population of the Balearic Islands stands at 689,600 people.

The figure represents an increase of 39,500 people, 6.1 per cent more than the previous quarter and 14,500 more than the second quarter of 2022, that is, an increase of 2.1 per cent.

This is the highest figure for the labour force in the second quarter of the entire historical series.

The activity rate stands at 65%, which is the highest in Spain as a whole. Compared with the Spanish average – 59 per cent – the Balearic Islands is 6 percentage points higher.

UNEMPLOYMENT

On the other hand, the EPA estimates that in the Balearic Islands, there are 49,300 unemployed people, which represents a drop of 68,600 people (58.2 per cent) compared to the first quarter of the year.

About the second quarter of 2022, there was a decrease of 13,400 unemployed, -21.3 per cent.

The Regional Minister for Enterprise, Employment and Energy, Alejandro Sáenz de San Pedro, has assessed these figures as “very positive” and thanked the business community for its drive and commitment to job creation.

“Our community leads the percentage drop in unemployment in Spain,” said the councillor.