What is the youth unemployment rate in Europe?

What is the youth unemployment rate in Europe?

In the EU in 2020, there were 2.9 million unemployed persons aged 15-24 and 17.5 million persons of that age group in the labour force, according to the EU Labour Force Survey. This gives a youth unemployment rate of 16.8 %. For comparison, this rate in 2019 was 15.1 %.

Which European country has the highest youth unemployment rate?

As of December 2020, Spain had the highest youth unemployment rate in Europe, at 39.4 percent, with Greece having the second-highest youth unemployment rate as of this month, at 34 percent.

Why is youth unemployment high in Europe?

The coronavirus pandemic is rapidly fueling a new youth unemployment crisis in Europe. Young people are being disproportionately hit, economically and socially, by lockdown restrictions, forcing many to make painful adjustments and leaving policymakers grasping for solutions.

Which EU country has the highest unemployment rate?

Among European countries, Spain is currently suffering the worst unemployment rate at 14.1 percent, followed by Greece at 13.4 percent while Czechia has the lowest unemployment rate in Europe, at 2.2 percent.

What is the unemployment rate in Europe 2020?

7.1 percent
In 2020, the average unemployment rate in the EU was 7.1 percent.

What is the unemployment rate in European countries?

* as of December 2020….Unemployment rate in member states of the European Union in July 2021 (seasonally adjusted)

Characteristic Unemployment rate
Spain 14.3%
Italy 9.3%
Sweden 8.4%
France 7.9%

Why is youth unemployment so high in France?

While the 2008 economic crisis caused financial troubles in all EU member states, impacting companies and banks, studies have showed that the lack of follow-up and the absence of options for young people without diplomas are some of the main causes of youth unemployment in France.

Why does Spain have high unemployment?

Causes. Spain suffers a high level of structural unemployment. Since the economic and financial crisis of the 1980s, unemployment has never dipped below 8%. One leading cause is an economy based mostly on tourism and building sectors, as well as lack of industry.

Why is youth unemployment so high and different across countries?

Young people, in nearly every country, experience worse labor market outcomes than adults. This low level of human capital among young people correlates with, among other things, jobs mismatch, which is the difference between the competences supplied by young people and those that firms require from them.

Why are youth unemployed more?

The unemployment rate among the youth is high irrespective of education level. Some of these young people have become discouraged from participating in the labour market and they are also not building on their skills base through education and training – they are not in employment, education or training (NEET).

What is the youth unemployment rate in Germany?

Since the early 2000s, German youth unemployment rates have been far below those in most other European countries. This has not changed during the pandemic. The rate in Germany increased by 1.7 percentage points from 5.8 percent in 2019 to 7.5 percent in 2020, and remained the lowest in the European Union.

Why is youth unemployment so high in Spain?

The increase in segmentation of the labor market, the lack of effective employment policies and deficiencies in the education system have been cited as some of the principal reasons behind the significant level of youth unemployment in Spain.

What is the youth unemployment rate in the European Union?

Across the 27 member states of the European Union, the overall youth unemployment rate was 17.1 percent, with Germany having the lowest youth unemployment rate, at 5.5 percent. Already a member? You have no right to use this feature. Make sure to contact us if you are interested in scientific citation.

What is the youth unemployment rate in Spain 2021?

In June 2021, the seasonally adjusted youth unemployment rate in Spain was at 37.1 percent. Unemployment is a crucial economic factor for a country; youth unemployment is often examined separately because it tends to be higher than unemployment in older age groups.

How many people are unemployed in the EU and euro area?

Unemployment in the EU and the euro area. Eurostat estimates that 15.613 million men and women in the EU-28, of whom 12.322 million were in the euro area (EA-19), were unemployed in July 2019. Compared with June 2019, the number of persons unemployed increased by 27 000 in the EU-28 and decreased by 16 000 in the euro area.

What is the unemployment rate by gender in the EU?

Source: Eurostat (une_rt_m) Unemployment by gender. In January 2020, the unemployment rate for women was 7.7 % in the EU, stable compared with December 2020. The unemployment rate for men was 7.0 % in January 2021, also stable compared with December 2020.