Double trouble: In 2012 unemployment could be twice what it is now

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UNEMPLOYMENT could be nearly double what it is now next year.

While there are currently nearly 87,000 people on the dole, by the first quarter of 2012 this number could reach 130,000, union UGT has warned.

This announcement follows just days after October’s unemployment figures were released.

October saw 10,857 more people without work – 14 per cent more – according to data from the Balearic unemployment office SOIB.

Mallorca was the Balearic Island with the smallest rise followed by Menorca and Ibiza.

Formentera saw the biggest increase.

There are now 86,924 unemployed people in the Balearics.

Of which 69,422 are in Mallorca, 10,071 in Ibiza, 6,848 in Menorca and 583 in Formentera.

The number of people on unemployment benefits has been increasing since August.

September saw a rise of 6.6 per cent.

In August there were 385 more people on the dole, which was 0.5 per cent more than in July.

This followed eight months in which unemployment figures had been reducing.

In the past 12 months, 2,163 people were left without work on the Islands, representing an increase of 2.5 per cent more than October 2010.

 By Nicole Hallett

 

 

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