Annual unemployment falls 8.3% in Spain

New figures from the Ministry of Employment show that the amount of people that are registered as unemployed has dropped by 8.3% over the last 12 months in Spain.

The only increase that was recorded was the month of September when seasonal jobs come to an end and levels rise slightly once again. Even with September seeing a rise, year on year September has been the lowest recorded since 2008.

The increase for September was the highest in the Balearic Islands and naturally with the islands having a very strict season for tourists then winter months many establishments close causing these mentioned highs in unemployment. This is compared to the mainland and specifically Marbella and Estepona that continue to have tourism throughout the winter months. With temperatures still recording at over 25 degree each day and bearing in mind we are still in October, you can see why tourist levels stay very active on the Costa del Sol.

Throughout the past 12 months we have seen over 310,000 people that were registered as unemployed finding employment which is a very positive signal of a growing economy.