Unemployment in the Canary Islands drops in March for the third consecutive month
Registered unemployment in the Canary Islands stood at 165,044 people in March 2024, after a drop of 4,686 people compared to the previous month, according to data published by the Canary Islands Institute of Statistics (ISTAC).
This figure represents the third consecutive drop in unemployment on the islands. Compared to the same month last year, unemployment fell by 18,347 people, which represents an annual variation rate of -10%.
Breakdown by sex and age groups
Unemployment fell more in women than in men, with a monthly variation rate of -3.1% compared to -2.3%. By age groups, unemployment figures decreased in all of them except for the group of those under 20 years of age, where they rose by 8.5%.
Decrease on all islands
Registered unemployment fell in all the islands, except in El Hierro, where figures remained similar to those of last month. The largest percentage variations occurred in Fuerteventura and La Gomera, both islands with a rate of -4.4%.
Decline in all economic sectors
Registered unemployment fell in all economic sectors, with the variation rate in agriculture being -3%, in industry -4.2%, in construction -1.6% and in services -3.1%. The group of people looking for their first job remained at similar figures to those of February.
Positive feedback
The Government of the Canary Islands has positively valued these data, which confirm the downward trend in unemployment on the islands. The Minister of Employment, Social Policies and Housing, Cristina Valido, has highlighted that "we are on the right path", and has announced that the Government will continue working to create employment and improve the living conditions of the Canary Islands.
For more information, you can consult the ISTAC press release.
Press Release
