The CEOE connects the rise in unemployment with the lack of investment

The president of the Spanish Confederation of Business Organizations (CEOE) in Tenerife, Pedro Alfonso, said this Tuesday that the unemployment data in October in the Canary Islands foreshadows "a certain containment or even a decrease" in employment due, in his opinion, to, among other factors, a paralysis in investment.

In October, the Canary Islands registered 159,498 unemployed, 828 more, 0.52% more, than the previous month and 13,672 fewer people, -7.9% than in the tenth month of 2023, according to data released this Tuesday by the National Institute of Statistics.

In statements sent by the CEOE, Alfonso recalled that traditionally October is a "weak" month for employment, as the summer campaign ends "and the winter campaign does not finish opening, especially for hotels, tourism and commerce", hence these data that "are repeated year after year".

The president of the Tenerife CEOE has acknowledged that the economic situation "company by company" is generally good "because income is recovering month by month".

"But it is also true that every day the prospects are worse, the perspective of confidence in the country is complicated and at this time investment is paralyzed, so any job creation project will not materialize except in the medium or long term," he concluded.