The Balearic Islands have reached a record of 638,590 Social Security affiliations, representing a 2.6% year-on-year increase and a monthly growth of 8.7%, the highest in Spain. These results confirm a situation of full employment, with the lowest recorded administrative unemployment rate of 3.8%.

The number of unemployed individuals dropped to 25,359, which is 5.2% less than in May 2024 and 4.8% lower than in April. Employment contracts also showed strong dynamics: 50,369 new contracts were signed in May. Although this represents a 4.4% decrease compared to the previous year, there was a 24.9% increase over April. Notably, 76.1% of the contracts were permanent, far exceeding the national average of 41.6%.

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The number of self-employed workers also continued to grow, reaching 106,137 people, a 2.5% increase compared to the previous month. Unemployment declined across all sectors, particularly in construction (–9%), industry (–7.7%), hospitality (–9.9%), and agriculture (–6.9%). In terms of demographics, unemployment decreased most notably among women (–5.4%), people over 25 (–6.3%), and Spanish nationals (–6.2%), though it rose 6% among those under 25 years old.

In May, there were 54,638 registered job seekers, a 1.3% increase compared to the previous year. However, this figure shows a 17.4% drop compared to April. The unemployment benefit coverage rate fell to 35.6%, which is 4.3 points lower than in May 2024.

The regional Secretary for Employment, Catalina Cabrer, emphasised that these figures reflect a reality of full employment in the region. She stated that “anyone who wants to work in the Balearic Islands can find a job today” and highlighted the government’s continued efforts to improve job quality and stability.