Canary Islands, at the bottom of the autonomous communities in average salary: 1,324 euros per month and 3.6% less

The archipelago is also the community that has lost the most purchasing power during the last two years, with a total of 1,721 euros per year

September 6 2021 (11:13 WEST)
Updated in September 6 2021 (12:55 WEST)
Canary Islands, at the tail of national competitiveness

The Canary Islands is at the bottom in the average salary of Spain with a total of 1,324 euros per month in the second quarter of 2021, 3.6% less than the previous quarter, according to the Adecco Monitor of Opportunities and Satisfaction in Employment published this Monday.

In addition, the archipelago is the community that has lost the most purchasing power during the last two years (-9.8%), with a total of 1,721 euros per year, more than one month's salary.

In Spain, the average salary has registered an interannual increase of 3%, up to 1,701 euros per month, and marks a new historical maximum after four consecutive quarters of decline.

This increase, according to Adecco, "is exaggerated", since it must be taken into account that the average salary for the second quarter of 2020 was the lowest in the last 14 years as a result of the ERTE.

By autonomous communities, Madrid and the Basque Country exceed 2,000 euros per month, with 2,019 and 2,016 euros per month, respectively, in the second quarter of 2021. Navarre (1,887 euros), Catalonia (1,802 euros) and Asturias (1,714 euros) are also above the Spanish average.

After the Canary Islands, the Balearic Islands was the second community with a salary decrease, with 0.1%, up to 1,496 euros per month, a decrease that is explained in both cases by being the regions with the highest proportion of employees in ERTE.

 

Increase in purchasing power

When discounting inflation, the average salary gained 1.7% of purchasing power, about 349 euros more, compared to the loss of 1.4% recorded a year ago.

Murcia was the Autonomous Community in which purchasing power grew the most, with an increase of 5%, followed by Galicia, with 4.1%, and Castilla-La Mancha, with 3.6%.

With the decrease in their average salary, the Canary Islands and the Balearic Islands also lost purchasing power, with a reduction of 7% in the Balearic Islands (1,343 euros per month) and 9.8% in the Canary Islands (1,721 euros per month).

The Adecco report published this Monday also shows that the number of long-term unemployed, with 937,800 unemployed, has increased for the first time since 2014, while that of short-term unemployed has experienced a "slight decline".

This rebound in the long-term unemployed has led to a reduction in the number of beneficiaries of unemployment insurance, something that had not happened since March 2019.

In total, 65.2% of the unemployed are receiving unemployment benefits in Spain, with an interannual decrease of 9.5 percentage points, the most accentuated fall in nine years, according to Adecco.

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