The Government of the Balearic Islands has highlighted the positive evolution of the regional labour market on the occasion of Labour Day, pointing to rising wages, sustained job creation throughout the year and progress towards a more balanced, inclusive and sustainable economic model. Labour indicators show an overall upward trend across the islands.
The Minister for Labour, Public Administration and Social Dialogue, Catalina Cabrer, noted that wages in the Balearic Islands have increased by 5.6%, exceeding the national average of 3.5%. This growth reflects the joint efforts of employers and workers and indicates an improvement in job quality.
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The Government highlights a 5.6% wage increase and year-round employment consolidation on the occasion of Labour Day
The Balearic labour market remains dynamic, with record levels of Social Security affiliation and positive developments in both hiring and unemployment figures. Recent data show a total of 32,805 contracts signed, representing a 12.2% increase compared to the previous year, with 72.6% being permanent contracts. Social Security affiliation reached 540,388 people in March, marking a year-on-year increase of 3%.
A key development is the consolidation of employment during the winter months, confirming a structural shift in the economic model. This trend supports reduced seasonality and brings the labour market closer to full employment conditions.
This progress is particularly relevant in strategic sectors such as hospitality, which employs more than 170,000 workers in the Balearic Islands. In this sector, a recent 4% wage increase has been implemented for employees in hotels, bars, restaurants and nightclubs.
The regional government attributes these results to social dialogue and cooperation with economic and social stakeholders. However, it also acknowledges ongoing challenges, including access to housing and uncertainty in the international context, stressing the need to continue advancing with responsibility and consensus.