Canary Islands ends June with an unemployment rate of 13.86%, the lowest since 2007

Canary Islands closed the second quarter of the year with an unemployment rate of 13.86%, the lowest since December 2007, just before the recession of 2008 began, when it stood at 10.89%, according to data released this Friday by the National Institute of Statistics.

The June Active Population Survey (EPA) reflects that at the moment the unemployment rate in the Canary Islands is two and a half points above the Spanish average (11.27%) and is still the fourth highest in the country, after those of Andalusia (16.27%), Extremadura (15.40%) and Castilla-La Mancha (13.92%).

The data reflect that the Canary Islands region counted 1,005,000 employed people at the end of June, 9,000 more than in March (+0.91%), and 161,700 unemployed, 12,500 less (-7.17%).

By sex, the islands currently have 78,500 men unemployed, with an unemployment rate of 12.94%, and 83,200 women in the same situation, with a rate of 14.85%.

In the last twelve months, the Canary Islands economy has generated 39,100 net jobs, which represents an increase of 4.05% compared to 2023.

In parallel, the number of people looking for work in the Canary Islands has grown by 21,500 people since June 2023 (+1.88%), which explains that with 39,100 more jobs, unemployment has fallen in the last year by 17,600 people (-9.82%).