Unemployment Down Slightly In July

August 3, 2012

The number of unemployed in the Canary Islands fell for the second consecutive month in July with 879 fewer people out of work, according to the latest figures from the Department of Social Security.

However, even this slight reduction, (0.3 per cent), is far from evenly spread across the archipelago with the province of Las Palmas seeing unemployment reduced by 864, while the number out of work in Santa Cruz de Tenerife fell by just 15.

Meanwhile nationwide, unemployment fell by 27,814, or 0.6 per cent, twice that of the Canary Islands.

Nevertheless, the islands fared far better than some regions where unemployment actually rose, including Castile-La Mancha, where unemployment rose by 2,641, Madrid (1175), Valencia (638) and La Rioja (187).

The number of unemployed in Spain now stands at 4,587,455, of which 289,785 are registered in the Canary Islands.

Perhaps of more concern is the news that, of the more than 289,000 unemployed in the islands, more than 40 per cent have run out of entitlement to unemployment and other state benefits.

One Response to Unemployment Down Slightly In July

  1. Stephen
    August 3, 2012 at 10:59 am

    The only reason for unemployment dropping is for the holiday period. After the summer ends, unemployment will soar to all time highs.






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