A common notion circulating inside and outside Spain is that over half of young Spaniards (aged 16-24) are unemployed –a ‘fact’ which furthers the image of deep crisis in Spain. The world’s most prestigious media report on such youth unemployment with alarm, contributing to this new ‘Black Legend’ of Spanish failure. The truth, however, is that only 22% of 16-24 year olds are unemployed. That is just over a fifth, while the vast majority are studying or working.
So where does this figure of 50% come from? From Eurostat, the European statistics agency. It uses two measures of youth unemployment: one is calculated on the basis of all young people (this so-called unemployment ‘ratio’ gives the 22% figure) and the other on the basis of those in the labour force, ie, actively employed or seeking employment. It is the second formula (or unemployment ‘rate’) which puts Spanish youth unemployment at 55%. This formula makes sense among adults, especially men, practically all of whom are likely to work or seek work until retirement age. But applying it to an age group where most people are still in education or training distorts its meaning, even if it sheds some light on the subject. The problem is that Eurostat only publicises the second figure and not the first.
Chosen excerpts by Job Market Monitor
Last week, Secretary Kerry made his first speech as Secretary of State at the University of Virginia where he spoke about the importance of our foreign policy, especially for young people. He said “In countries across North Africa and the Middle East, the majority of people are younger than 30 years old. About half are … Continue reading »
One of the more tragic outcomes of the euro crisis has been the gut-wrenchingly high youth unemployment rates. More than half of the young people in Greece and Spain are looking for work. “Europe is facing an often-cited “lost generation” which experiences long periods of unemployment or unstable jobs during their first working years, with … Continue reading »
The German government on Wednesday (22 May) announced a series of conferences and bilateral programmes to help youngsters from Spain, Portugal and Greece find a job, as regional statistics show 17 times more unemployed youngsters in northern Greece compared to Bavaria. According to the EU’s statistical office Eurostat, youth unemployment in the northern-Greek region of … Continue reading »
Europe’s lost generation / Youth unemployment exceeds 60 percent in Greece, is above 50 percent in Spain and tops 40 percent in Portugal
Children across Europe are being driven into poverty by harsh government austerity and youth unemployment is soaring, threatening to create “lost generations” that could fire up a new continental crisis. Global charity Caritas said on Thursday that around three out of every 10 children in Greece, Ireland, Portugal, Italy and Spain are in or have … Continue reading »
The euro area (EA17) seasonally-adjusted unemployment rate was 11.7% in October 2012, up from 11.6% in September. The EU27 unemployment rate was 10.7% in October 2012, up from 10.6% in September. In both zones, rates have risen markedly compared with October 2011, when they were 10.4% and 9.9% respectively. Eurostat estimates that 25.913 million men and women in the …Continue reading »
Second quarter of 2012 – Main results Employment fell by 15,900 people (-0.09%) The number of unemployed grows by 53,500 people and reached the figure of 5,693,100 The unemployment rate increased to 24.63% The participation rate rises to 60.08%. The Unemployment rate for youth under 20 is over 70% (Freely Translated and adapted by Job Market monitor) … Continue reading »
Germany says it will help Spain to launch German-style apprenticeships for its young people, half of whom are unemployed because of the debt crisis. Spain’s Education Minister, Jose Ignacio Wert, signed an agreement with his German counterpart in Stuttgart on Thursday, to give more Spaniards on-the-job training with German firms. Spain’s youth unemployment has soared … Continue reading »
The unemployment rate among Spain’s under-25s rose to 50.5pc in January, and to 50.4pc in Greece in December, according to the latest available data from Eurostat, the European Union’s statistics office. It compared with an average eurozone youth unemployment rate of 21.6pc. One of the lowest rates of youth unemployment is in Germany, where it … Continue reading »
Europe’s leaders travel to Brussels on Thursday, hoping to chart the continent’s way back to growth as figures show unemployment in the 17-country eurozone has spiked to its highest level since the euro was established in 1999. While the two-day summit is for once taking place amid relative calm on financial markets, Europe’s population is … Continue reading »
Germany signed up on Tuesday to provide vocational training and jobs for young Spaniards starved of opportunities in their crisis-hit home country, ministers said. “Each year nearly 5,000 young Spaniards will be able to benefit from vocational opportunities or even from stable and skilled jobs in Germany,” Spain’s Employment Minister Fatima Banez said after signing … Continue reading »