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Youth unemployment is the highest in Europe

2023-05-26 07:39:32Biznes SHKRUAR NGA REDAKSIA VOX
Youth unemployment is the highest in Europe
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Although businesses are complaining like never before about the lack of labor force and the market is suffering the departure of the young generation, unemployment among young Albanians is the highest in Europe, according to INSTAT and Eurostat data, as many of them are preferring to leave, or "refuse" to work in low-paying jobs.

According to INSTAT, the official unemployment rate for young people aged 15-29 was 21.5% in the last 3 months of 2022 and about 20.7% for the year 2022.

Compared to the European average of 6.3% (reported by Eurostat), the unemployment rate among Albanian youth is more than three times higher.

Even in relation to other countries in the region, the indicator is much more negative.

According to Eurostat, in Serbia, unemployment among the 15-29 age group was 8.6% in 2022.

In North Macedonia the indicator was 14% in 2020 and Montenegro 13.8% in 2020 (the last data available for both countries).

The entire region has managed to reduce unemployment among young people in recent years (North Macedonia had the indicator above 20% until 2015), while in Albania in 2022 unemployment among young people marked a slight increase.

Albania is the only one in Europe that still has a youth unemployment rate above 20% (data for Kosovo are missing).

In October-December 2022, 75,050 people aged 15-29 were unemployed, or 3,669 more unemployed than the same period of the previous year, with an increase of almost 5.1%.

INSTAT data show that according to educational level, unemployment in the 15-29 age group is higher for those with secondary education (25.3) and less for those with 8/9 years of education (18.9%) and higher education (18.7). %).

According to gender, unemployment is higher among young people (22.4), while young women have this indicator of 20.5%.

In Europe, the percentage of unemployed youth decreases to 6.3% in 2022

According to Eurostat, in 2022, 4.48 million young people aged 15 to 29 were unemployed in the European Union, representing 6.3% of the total population of the same age. Looking at the long-term trend, this percentage in 2022 marks a historic low, since the beginning of time series measurement in 2009 (9.0%).

The situation between EU countries is very different.

The percentage of unemployed youth over the total population was below 4% in the Czech Republic (2.0%), Germany and Bulgaria (3.3% each), as well as in Hungary and Poland (3.5% each).

On the other hand, the percentage was above 8% in Spain (11.2%), Greece (10.6%), Sweden (10.3%) and Cyprus (8.8%).

Compared to 2021, the share of unemployed youth over the total population has decreased in most EU countries. The exceptions are Cyprus, Latvia (+0.1 percentage points each), Romania (+0.3 percentage points) and Estonia (+0.4 percentage points), where this percentage increased slightly


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