That’s a fact.
In the previous post I analyzed the job loss at the European level, in terms of overall unemployment. Here I just consider the young (15-24), to prove that if you look for someone who’s been particularly hit by the crisis in Europe, you need to look at them.
This was the overall unemployment difference rate in Europe, before and after the 2008 crisis (if Southern Europe has any sign of the end of it):
That is: 6 years later, +6% in Italy, +1 or 2% in Northern Europe, and so on.
Now the next one only considers the 18-24:
The previous colors were not enough. It’s +5% in Netherlands, +6.4 in UK, +7.6 in France, +33.8% in Spain. This means that right now 54% of young spaniards cannot find a job. Plus, not only are data dramatic, but many young adults don’t seek a job anymore and they aren’t part of this numbers. There is big concern at the international level for this situation in Southern Europe: the World Bank talks about the “lost generation“ because of poor job opportunities.
But what if one compares the youth unemployment to the general one, in terms of intergenerational equity? What if we look at the differences between overall job loss and young job loss?
Let’s take the case of France. While in 6 years the general unemployment rate rose 3.4%, the youth one rose 7.6%. That’s a 4.2% difference and yes, analyzing data coming from different contexts is not correct, but it gives the idea of an additional intergenerational gap at the expense of the young.
What happens if one considers the whole EU in this light?
Of course, that blue state right in the middle is Germany: the only country in the EU where, after 6 years of global economic crisis, young jobseekers are less than before.
There’s a reason for this: in fact, one should always consider the quality of job opportunities, rather than just thinking in black and white. And there is big concern in Germany and in Europe for the German ‘mini-jobs‘: that is less unemployment but still widespread insecurity.
Trends are good right now and economy is in recovery, but years of crisis carried out a dramatic effect: the young now are expected to face more difficulties to find a job than before, only because of their own age.