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Record employment figures
MALLORCA and the Balearic Islands as a whole are nearing 100 per cent employment with record numbers of workers currently signed on to the Social Security.
Unemployment statistics for April were at an alltime low and Social Security inscriptions increased by 6.6 per cent with regards to last year, hitting 552,290.
Analysts point out that there have never been that many people working on the islands in April before.
Since June 2021 the enrolment figures for each month have been higher than a year earlier and since November that year numbers have been even higher than before Covid in 2019, setting record employment numbers for 18 consecutive months.
Unemployment last month dropped by 26 per cent compared to April 2022 and by
30.7 per cent compared to the same month in 2019.
Similar unemployment levels had not been registered on the islands since 2001, although back then occupation figures were not as high as they are now.
The regional government has described the figures as “extraordinary”, suggesting that the start of the tourist season has now officially moved forward to as early as March.
