Alicante unemployment figure rose slightly in February
The Alicante jobless total is now 15,000 lower than a year ago
February is not generally an encouraging month as far as the unemployment figures in Spain are concerned, but 2017 appears to have been an exception as the second best results since 2005 saw the total fall by 9,355 to 3,750,876.
However, the figures for the province of Alicante, while still positive, are marginally less impressive. During February the number of people registered as being out of work in the Costa Blanca rose by 1,153 (or 0.67%) to 169,986, although more importantly the total is now 8.21% lower than a year ago. This is impressive, but less so that in Spain as a whole, where the reduction of 9.68% is the most significant in February for 18 years.
The downward trend in February was far from universal in the whole of Spain, and during the month the total actually rose slightly in six of Spain’s seventeen regions. However, the sharpest increase was one of just 0.4% in Madrid, while at the other end of the scale there were decreases of 4.6% in the Balearic Islands and 3.4% in Aragón.
Over the last twelve months, though, the downward trend is far clearer in all regions, and double-digit decreases are reported by the Ministry of Employment in Aragón, the Balearics, Cantabria, Castilla-La Mancha, Castilla y León, Catalunya and La Rioja.
It has to be remembered that the monthly unemployment totals published by the Ministry of Employment are lower than those included in the quarterly Active Population Survey (EPA), because they do not include people who are out of work but for one reason or another are not officially registered as such at employment offices. The latest EPA for the 4th quarter of 2016 reports a nationwide total of 4.24 million.