Tenerife’s labour market has continued to strengthen, with 41,000 more people in employment over the past three years and unemployment falling by 26,600, according to the latest Active Population Survey (EPA).
The figures show that 447,000 people are now in work, compared with 406,000 three years ago, reflecting sustained growth across several parts of the island.
Employment Growth Across Tenerife
The strongest job growth has been recorded in:
- Metropolitan Area: +17,130 jobs
- Southwest Tenerife: +6,870 jobs
- Abona: +5,590 jobs
- La Orotava Valley: +4,320 jobs
Meanwhile, the number of people seeking work has fallen to 51,320, with unemployment declining across every region of the island.
The largest reductions in unemployment were recorded in:
- Metropolitan Area: -15,000
- Abona: -3,000
- La Orotava Valley: -2,400
- Acentejo: -2,210
Employment Rate Continues to Improve
Compared with the same period last year, employment has increased by more than 4,000 people, lifting Tenerife’s employment rate to 53%.
The island’s unemployment rate has also fallen to 10.2%, below the Canary Islands average of 11.6%.
According to the figures, Tenerife was the only island in the province to record a year-on-year fall in unemployment.
Focus on Economic Diversification
Cabildo President Rosa Dávila said the figures demonstrate the strength of Tenerife’s labour market while highlighting the importance of continuing to diversify the island’s economy.
She said future growth should focus on developing new sectors and improving training to create more employment opportunities for residents.
Employment Councillor Efraín Medina added that the results reflect collaboration between public institutions, businesses and universities, while stressing the importance of matching training programmes with the needs of employers.
Tenerife Recognised for Job Growth
The article also notes that a LinkedIn report published in July ranked Tenerife as the second-best region in Spain for job growth, behind Alicante, citing the island’s progress in areas such as innovation, digitalisation, knowledge-based industries and professional services.