SANTA CRUZ DE TENERIFE 25 Oct. (EUROPA PRESS) –
Employment growth in Tenerife witnessed an increase in the third quarter of this year, with 21,140 more individuals employed (+5.21%) compared to the same quarter of 2023, culminating in a total of 426,660 people in work.
“These figures affirm the robustness of the Tenerife economy, which has generated 83% of the new jobs across the Canary Islands. This indicates that for every 10 jobs created in the archipelago, 8 are from Tenerife,” remarked Rosa Dávila, president of the Cabildo of Tenerife.
Additionally, it is noteworthy that a year ago, following the establishment of the new island Government (CC-PP) in the Cabildo, unemployment rates exceeded 20%. Currently, the number of unemployed stands at 65,630 individuals, yielding an unemployment rate of 13.33%, which is lower than the regional average for the Canary Islands at 14.4%, as per the Active Population Survey (EPA) data released this Friday by the National Institute of Statistics (INE).
At present, the Tenerife economy provides jobs for 426,660 individuals, a figure that surpasses last year’s employment levels at the end of summer 2023 by 21,140 (+5.21%).
This employment growth rate of 5.21% demonstrates that, over the past twelve months, Tenerife has created jobs at a pace 2.58 percentage points higher than the overall Canary Islands economy, which has seen a growth of 2.63% in employment.
In this context, Rosa Dávila emphasises these results, asserting that “they confirm that Tenerife is at the forefront, month after month, quarter after quarter, of job creation in the Canary Islands.”
“The decline in unemployment and the rise in the number of employed individuals are outcomes of a collaborative effort between the public investment policies of the Cabildo and the commitment of the private sector,” she remarked, further asserting that this positions the island as “the economic powerhouse of the Canary Islands”.
Furthermore, the unemployed population in Tenerife has decreased by 8,230 individuals, reflecting a reduction of 11.14% compared to the previous year.
Concurrently, 12,910 individuals have entered the active workforce, raising the activity rate to 58.87%, which signifies an increase of 1.05 percentage points compared to last year.
The president also acknowledged the pivotal role of the Cabildo in driving economic recovery and facilitating labour inclusion, noting that the Employment Plan, which involves a “historic investment” exceeding 6 million euros, “is aimed at supporting the most vulnerable segments, such as long-term unemployed, the elderly, and those facing challenges in accessing the job market.”
With these initiatives, she insisted, “we continue to showcase our commitment to inclusive employment, ensuring that no individual is left behind.”
Additionally, the president of the Cabildo remarked that these accomplishments indicate they are on the “correct path,” but there is no room for complacency.
“We will persist in our focus on investment policies and employability support that further enhance the recovery and economic advancement of our island,” she concluded.