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Unemployment in Marbella Hits 17-Year Low for February – Find Out Why!

March 22, 2024
Unemployment in Marbella Hits 17-Year Low for February - Find Out Why! - mini1 1709557453 - Local Events and Festivities -

Unemployment Rate Drops in Marbella, According to Andalusian Employment Service Office

The Andalusian Employment Service Office in Marbella reports a decrease in registered unemployment in February. This is a common trend, but it did not occur in 2023 when the unemployment rate increased. Now, the downward trend is recovering, which is always a positive sign as we approach the Easter week. This is the best figure for the second month of the year since 2007. Hiring has also increased.

Employment Boost Expected in Marbella

Following the rise in unemployment in January, after the Christmas season, the time of the year when employment usually increases in Marbella is now beginning. This is in anticipation of the summer season and the upcoming Easter week. February ended with 9,102 people registered as job seekers at the Andalusian Employment Service (SAE) offices, which is under the jurisdiction of the regional government. This is 186 less than in January, representing a 2% decrease.

Breakdown of Unemployment Figures

Of the total number of unemployed in February, 3,508 are men (71 less than in January) and 5,594 are women (115 less than in January). The year-on-year variation shows that there are currently 616 fewer unemployed people than a year ago. Compared to before the pandemic, there are 3,136 fewer unemployed people than in January 2019 and 2,996 fewer than in the same month in 2020, before Covid-19. This is the lowest unemployment figure for this month in the municipality since 2007, when it was 6,708. The barrier of 10,000 unemployed has not been surpassed since April 2022, almost two years ago.

Unemployment Figures in Malaga and Andalusia

In the province of Malaga, there was a decrease of 923 unemployed people, bringing the total to 134,243 unemployed in February. In Andalusia, the decrease is 4,110 people compared to January, with a total of 710,907 unemployed. In Spain, unemployment fell by 7,452 people in February, standing at 2,760,408, which is also the lowest figure since 2008 for this month.

Positive Hiring Data in Marbella

Regarding hiring, the data is also positive in Marbella. During February, 3,489 contracts were made, which is 217 more than in January, and 242 more than a year ago. Of the total, 2,507 were permanent contracts (72%), 314 more than the previous month. The rest of the contracts (982) were temporary.

Unemployment Data in Marbella for 2024 and 2023

The unemployment data for Marbella in 2024 shows a decrease from 9,288 in January to 9,102 in February. In 2023, the figures fluctuated, with an increase from 9,673 in January to 9,718 in February, followed by a decrease to 8,855 in April, and ending the year at 8,962 in December.

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