SANTA CRUZ DE TENERIFE, 4 Sep. (EUROPA PRESS) –
The president of the Cabildo de Tenerife, Rosa Dávila, commended the encouraging figures regarding unemployment for August, which positions the island as a frontrunner in job creation, accounting for 45% of new contracts made in the Canary Islands.
“The employment statistics in Tenerife for August reaffirm our leading status, as well as the robustness and vitality of our economy. The outcome in terms of new contract generation is remarkable, with an increase of 11.30%, significantly outperforming the Canary Islands’ average of 6.6%,” she emphasised at a press briefing detailing the Government Council’s agreements.
She believes that “the unemployment statistics and the demand for jobs not only demonstrate a sustained recovery but also illustrate a vibrant labour market.”
Dávila specifically highlighted the surge in registered contracts in Tenerife, which rose from 22,933 in August 2023 to 25,525 in August 2024, marking an increase of 2,592 contracts or 11.30%.
For the island’s president, this growth signifies “a flourishing business climate and confidence in our island’s economic growth potential, thus the Cabildo will persist in collaborating with all sectors to sustain and enhance this positive trajectory.”
Conversely, registered unemployment in Tenerife has seen a noteworthy decline, dropping from 74,390 individuals in August 2023 to 70,055 in August 2024.
This translates to a drop of 4,335 individuals, equivalent to a 5.83% reduction in unemployment. This decline is slightly above the Canary Islands’ average, where unemployment decreased by 5.72%.
In this context, Rosa Dávila remarked that the positive trend suggests that the employment and economic development policies of the Council “are yielding results, enabling more individuals from Tenerife to secure employment opportunities.”
She further noted a 3.21% reduction in the number of job seekers within Tenerife, a figure consistent with the regional trend in the Canary Islands, where the decrease was 3.22%.
In conclusion, the Cabildo president believes that “these figures allow us to be hopeful regarding the future of employment and the economy in Tenerife. The reduction in unemployment by 4,335 individuals and the addition of 2,592 registered contracts signify a robust and dynamic economy.”
