portugal unemployment rate youth

While permanent employment has strict dismissal protection, with temporary employment this protection is reduced. Cahuc, C., Carcillo, S., Rinne, U., & Zimmermann, K. F. Youth Unemployment in Old Europe: The Polar Cases of France and Germany, IZA Journal of European Labor Studies, Vol. The youth unemployment rate is thus potentially misleading, and it is therefore preferable to look at the youth unemployment ratio instead. In Business, Portugal, Lifestyle, By TPN/Lusa, +351 282 341 100 You only have access to basic statistics. In the Italian system, the presence of the state is marginal compared to the central role played by the family, which bears the primary costs of the transition to adulthood. s^>mi~!go|{/KB_5Ox[#I$trz~9EO_~ZNsMy'?WO3?U?KJrYLP9/RYS}U The goal is to reduce the high unemployment level, the volatility of employment and the risk of exclusion of specific groups from the labour market. facts.

Most employment adjustment took place via termination of fixed-term contracts and was concentrated among young people (Zimmermann et al., 2013). In countries like Spain, France, and Italy, non-standard employment has been an alternative for jobseekers and for taking on apprenticeships. endobj It is important to set the right incentives to reduce high dropout rates, smooth the transition from education to work and increase the possibility of securing a permanent job. This creates a substantial barrier to accessing employment for low-skilled, young and inexperienced job seekers. In addition, sign up for our thematic newsletters on the Euro-Mediterranean agenda and Migrations in the region: EuroMed Insights and EuroMed Insights Migrations. Workers make Sao Jorge cheese at Uniqueijo cheese factory, near Velas, on Sao Jorge Island, Azores, Portugal, March 28, 2022. Reaching over 400,000 people a week with news about Portugal, written in English, Dutch, German, French, Swedish, Spanish, Italian, Russian, Romanian, Turkish and Chinese. COVID-19 deaths worldwide as of July 15, 2022, by country, COVID-19 cases worldwide as of July 15, 2022, by country, Coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of July 15, 2022, Cumulative cases of COVID-19 worldwide from Jan. 22, 2020 to July 13, 2022, by day.



ci3Z"5wEoefbJ`z9-8$Y?YtAg;V1WRxP&fKQUH~{:l To use individual functions (e.g., mark statistics as favourites, set x\[F~7Gi6I 0`;%`1fF^?UvSM~U^~xr2~=iVzj;Omo/^$~|zO,a,dru K2^QGoEr{$K4Go>>yv4c0>Iz}WVUd,y`.%h,'Y* In countries hit hard by the crisis, young people stay in school longer because of the lack of employment options.

A high share of temporary jobs results in a lack of employment stability and increasing job insecurity (Dolado et al., 2013). The ruling centre-left Socialists have a majority in parliament, meaning the bill, with 70 stricter labour measures, should be approved by its intended entry into force from Jan. 1. December 16, 2021. $39 per month* The NEET rate for teenagers is usually much lower than the NEET rate both for young adults aged 20 to 24 and for the age group as a whole, as most of them are still in school or training. This is due to the marginal role of vocational training, which is mainly school-based. The first problem is the dualisation of the labour market between permanent and fixed-term contracts. The most significant drop was observed in Portugal. API users can feed a custom application. In France, vocational trainees can enrol in either full-time vocational schooling or on-the-job apprenticeships combined with part-time study at training centres. Table 1 Comparing Minimum Wages and Special Rules for Young People. One Federal Reserve Bank Plaza, It is a well-known fact that youth unemployment rates are currently alarmingly high in all of the EUs Mediterranean countries (comprising France, Greece, Italy, Portugal and Spain). Profit from the additional features of your individual account. In Greece, the rate began to climb in 2009; by 2012, it had reached a similar level as in Italy (20.3%). Labour Market Reforms and Youth Unemployment, in The EEAG Report on the European Economy, p. 7394, CESifo, Munich, 2013. In News, Property, By PA/TPN, The ministry oflabour, solidarity andsocial security released a note in which it stressed that the risebetween December and Januaryis the smallest increase in the month of January since 2007. Therefore, the effects on workers are ambiguous. A youth unemployment rate of 60% does not mean that 60% of the whole cohort is unemployed. The high levels of youth unemployment (officially 24%) and precarious employment (66% of young people have temporary jobs) are another direct result of this situation. (December 16, 2021). Furthermore, there is a lack of means for developing specific occupational skills and acquiring practical experience with employers. Youth Unemployment in Europe: What to Do about it? Intereconomics, 48 (4), 230-235, 2013. info@theportugalnews.com, 2022 The Portugal News - Established 1977. stream Facebook: number of monthly active users worldwide 2008-2022, Smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q1 2022, Profit from additional features with an Employee Account. Reforms have to be introduced that try to reconcile the security, efficiency, and fiscal aspects of labour market policies. The youth unemployment ratio of young people aged 15 to 24 is only slightly higher than the unemployment rate for those aged 25 and over and is somewhat less alarming.

Without a provision like this, young workers can be squeezed out of the labour market. The share of temporary employment is high in all countries except for Greece. Moreover, because these contracts have not lowered entry-level wages, they have provided the wrong kind of incentives, encouraging students to drop out of school at a young age (Zimmermann et al., 2013). Garca, J. R. Youth unemployment in Spain: causes and solution, BBVA Research Working Paper, 11/31, 2011. McGuinness, S. &Sloane, P. J. Pastore, F. Youth Unemployment in Italy at the Time of the New Great Depression, Friedrich Ebert Stiftung, 2012. Sign up for our newsletter in English and be up-to-date with upcoming events and publications. In Portugal, a reduction of up to 20% can be applied to apprentices and interns for a period not to exceed one year. Unanalisi comparata, in AlmaLaurea (ed. Active labour market policies (ALMPs), which focus on hiring subsidies for apprentices, have only a limited impact (Zimmermann et al., 2013). The social, economic and demographic consequences of this development which cannot be regarded as unrelated to EU austerity policies imposed on Portugal are compromising Portugal's public service sustainability as well as its growth and innovation potential. 2, Article 18, 2013. Figures have been rounded.

Share this article: Youth unemployment and vocational training, Foundations and Trends in Microeconomics, Vol. Are instruments in place (and, if so, which) to encourage young workers to return to their countries of origin? In Greece, the exception to the minimum wage is broader and includes a higher share of young people. Accessed July 21, 2022. https://www.statista.com/statistics/812912/youth-unemployment-rate-in-portugal/, World Bank. Introducing dual training in Spain could facilitate screening by firms to find potentially good job matches and would provide young people with occupation-specific work experience, thereby easing their transition into permanent positions. Statista. In France, the rate decreased in the third quarter of 2013 to 25.2%. However, especially in Italy, Spain, and Greece, the NEET rate is much higher than in the EU as a whole. This is the percentage of unemployed people in the reference population.

Also more flexible wages are needed. Only 4% of vocational training combines school- and work-based training. Eichhorst, W., Hinte, H., and Rinne, U. According to the source, the data are ILO estimates. In Business, Algarve, Alentejo, Central, Lisbon, By Advertiser, World Bank, endobj Annual, Youth unemployment refers to the share of the labor force ages 15-24 without work but available for and seeking employment (modeled ILO estimate).Source Indicator: SL.UEM.1524.ZS. Categories > International Data > Indicators > Population, Employment, & Labor Markets > Unemployment Rate. In Greece and Portugal, the percentage of out-of-work young people looking for a job did not increase until 2009. Employers receive some support for providing training. We have a plan for your needs. retrieved from FRED, https://fred.stlouisfed.org/series/SLUEM1524ZSPRT, The same pattern can be found in Italy and Greece.

This is not a good bridge to regular employment. Please review the copyright information in the series notes before sharing. This includes all young people aged 15 to 24 who are not in education, employment, or training. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Of course, they will also interact with the overall macroeconomic environment and labour demand. According to Eurostat, the share of pupils in upper-secondary education enrolled in the vocational stream in the EU was 55.7% for males and 44.7% for females. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Direct access to our data from your apps using any programing language. At the same time, returns to (vocational) education have to be high, to make investing in all varieties of education worthwhile. 8B! However, those numbers must be interpreted carefully for two reasons (Barslund and Gros, 2013). July 21, 2022. All quotes delayed a minimum of 15 minutes. Better integration of employer-provided training could improve this situation.

Advanced users can use our Python/R/Matlab packages. British consumers' confidence remained stuck at a record low this month in the face of surging inflation and higher interest rates, a survey showed on Friday. 1 0 obj Most of the vocational training in Spain is school-based. Over the last few years, the importance and the share of public expenditure on ALMPs have risen in all of the EUs Mediterranean countries. Non-standard employment provides learning opportunities, but at the same time, young workers are confined to the lower segment of a dual labour market, which leaves them to bear the brunt of labour demand shocks (EEAG, 2013). ` The high youth unemployment rates in the EUs Mediterranean countries clearly reflect a structural problem with regard to training for youths and other institutional aspects of the labour market. In 2021, eight out of 10 new contracts were short-term or entailed services for third parties such as delivery apps, without permanent labour links. The industry leader for online information for tax, accounting and finance professionals. In Italy, the school-to-work transition is very problematic. In the first quarter, Portugal's unemployment rate dropped to the lowest level in 20 years at 5.9%, but the share of precarious jobs is among the highest in Europe, and youth unemployment has remained above 20%. Standard users can export data in a easy to use web interface or using an excel add-in. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. Percent,Not Seasonally Adjusted, Frequency: This has not increased firms investment in the youth populations specific human capital because the training is not work-based. LISBON, June 2 (Reuters) - Portugal's government is aiming to protect young people in the jobs market with a new law to cut the repeated renewals of short-term contracts, increase overtime and redundancy payments, and secure minimum pay levels for interns. Please do not hesitate to contact me. In this system, the transition from education to work is smoothed and young people have better chances of ending up in a permanent job.

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"Portugal: Youth unemployment rate from 1999 to 2019." Labour Minister Ana Mendes Godinho said 62% of young people who work had precarious short-term temporary contracts, compared to the EU average of 49%. In Spain, most ALMPs consist of wage subsidies and reductions of non-wage labour costs in order to encourage companies to hire the unemployed or maintain their staff (Zimmermann et al., 2013).

University graduates have the same problem of mismatched skills as their Italian counterparts. If you are passionate about Euro-Mediterranean relations, we want to hear from you. The number of unemployed registered at job centres increased 2.3% in January compared to December and recorded a reduction of 16.1% compared to the same month last year, to 355,868, according to data from the IEFP. Prior to the crisis, the construction boom-and-bust cycle and high growth in low-knowledge intensive service jobs raised the wages for unskilled workers during the long expansion period, thereby discouraging the pursuit of education. In Business, Tourism, By Advertiser, Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Directly accessible data for 170 industries from 50 countries On the other, there is a danger that young people will simply move from one fixed-term contract to the next without improving their job situation. Better interaction between the education system and the working world is pivotal in this regard. % According to recent INE statistics, the active population under 35years of age in Portugal has fallen by 329 000 since 2011, over 171 000 having gone abroad in search of employment and better living conditions. sU%_):.

This is due to the excessively rigid educational system, particularly in the tertiary stage, which results in very late entry into the labour market. Federal Reserve Bank of St. Louis; It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Dual vocational training connects with the changing needs of the economy and gives young people the opportunity to gain specific knowledge and preliminary job experience. 1039, OECD Publishing, 2013. In general, Portugal, Spain, Italy, and Greece have only limited provisions for training. In contrast, firing costs are much lower in fixed-term contracts. Will the Commission step up funding for instruments and mechanisms that help stimulate youth employment, while withholding funding for precarious employment (in the form of temporary jobs or traineeships)? Spain has a long history of very high and volatile unemployment. Further, the match between the supply and demand for skills has to be improved. CHART 2 Different EU-28 Indicators of Youth Exclusion, CHART 3 Youth Unemployment Ratio (ages 15-24). 9, No. You can change how much you give or cancel your contributions at any time. According to the "Employment and Unemployment Monthly Estimates" released on 30 June by the National Statistics Institute (INE), provisional data indicate that in May, the unemployment rate (according to the concept of the International Labour Organisation) increased to 7.2 percent, up 0.2 percentage points from the previous month and 1.2 percentage points more than in May 2020. Mendes Godinho said the legislation would combat the "abusive use of temporary work and unprotected work". To address the issue of young people who fail to enter the training system, there is a long-standing tradition in France of subsidising temporary employment and training contracts as an ALMP. Moreover, the task of filling the youth experience gap has been left to the market, which has resulted in inadequate solutions such as temporary employment. ), XII Rapporto sulla condizione occupazionale dei laureati. St. Louis, MO 63102, More IFTM Commentsis a partnership between Macau News Having just waved goodbye to the Year of the Ox, we are now on the New postgraduate programmes at the Macao Institute for Tourism Studies let students further not just IFTMs hands-on approach, which combines practical training, strong academic foundations, managerial skills and entrepreneurial spirit, Portugal: Takeaway packaging company invests 1M in new plant, Climate change drives Europe towards record fire year, World Bank gives US$100 mln to combat Sudan hunger, Ford boosting battery production for electric car ramp-up, Train loaded with Chinese cars starts pilot run from Chongqing to Moscow, Amazon spending US$3.9 bln in expanding health care push, Biden says US military opposes Pelosi trip to Taiwan, S.Africa central bank raises key rate to 5.5 pct, 15 dead, 23,000 affected by rainy-season floods in Niger, Biden seeks to mobilize on crime and climate ahead of midterms, So Tom: New organic chocolate factory to put profits into local community, Portugal: Over 60 municipalities in 8 mainland districts at maximum fire risk, Nepali becomes first to climb worlds 8,000m peaks twice, Tourism Development Opportunities in Macaus Less-visited Historical Scenic Sites, Monitoring Macaus Tourism Industry in the Year of Tiger, Deepening expertise in tourism and hospitality, Training the next generation of tourism and hospitality leaders. Dolado, J. J., Jansen, M., Felgueroso, F., Fuentes, A., & Wlfl, A. In contrast, most teenagers in Spain (60% of teenagers and 77% of the young adults in the 20-to-24 age group) accept a fixed-term contract because they failed to find a permanent job and are therefore on a fixed-term contract involuntarily (Dolado et al., 2013). 2 0 obj Releases from World Bank, More The NEET average for the EU is lower than the youth unemployment rate. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Youth Unemployment Rate for Portugal [SLUEM1524ZSPRT], In Italy and France, the youth unemployment ratio is similar to that for the EU-28 as a whole. Companies will only be able to renew temporary contracts four times in a row, down from six times now, before the workers must become fully employed.

", World Bank, Portugal: Youth unemployment rate from 1999 to 2019 Statista, https://www.statista.com/statistics/812912/youth-unemployment-rate-in-portugal/ (last visited July 21, 2022), Portugal: Youth unemployment rate from 1999 to 2019, Life expectancy at birth in Portugal 2019, Life expectancy at birth in Portugal 2019, by gender, Median age of the population in Portugal 2015, Gross domestic product (GDP) in Portugal 2027, Gross domestic product (GDP) per capita in Portugal 2027, Gross domestic product (GDP) growth rate in Portugal 2027, Portugal: Share in global GDP adjusted for PPP 2027, Share of economic sectors in the GDP in Portugal 2010-2020, Employment by economic sector in Portugal 2019, Labor force participation rate in Portugal 2019, National debt of Portugal in relation to gross domestic product (GDP) 2027, Government revenue and spending in Portugal 2027, Ratio of government expenditure to gross domestic product (GDP) in Portugal 2027, Ratio of military expenditure to gross domestic product (GDP) in Portugal 2020, Budget balance in Portugal in relation to gross domestic product (GDP) 2027, New cases of COVID-19 worldwide from January 23, 2020 to July 13, 2022, by day, Youth unemployment rate in Georgia in 2019, Portugal: labor productivity compared to the EU28 average 2005-2017, Portugal: connected device usage rate 2014-2017, Portugal: enterprises manufacturing aircrafts & spacecrafts 2008-2018, Share of renewable energy in final energy consumption in Portugal 2006-2015, Distribution of Hungarians by willingness to pay more for sustainable food 2020, Find your information in our database containing over 20,000 reports, Find a brief overview of all Outlooks here, Tools and Tutorials explained in our Media Centre. Economic returns for tertiary education have fallen, and the number of university enrolments is higher than the number of graduates. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. According to the ILO, an investment of around 21billion euros would have been necessary to tackle youth unemployment in theEU during the 20142020 programming period. Also, the lack of an adequate vocational training system and the absence of post-graduate bridges, such as job placement activities, are problematic. Subsidised forms of employment should be combined with substantial job-related training by employers to increase young peoples employability and productivity. During the crisis, support was also given for additional apprenticeships, as well as the conversion of temporary contracts into permanent ones. CHART 1 Youth Unemployment Rate (ages 15 to 24). We appreciate that not everyone can afford to pay for our services but if you are able to, we ask you to support The Portugal News by making a contribution no matter how small. Planas, J. Each employment contract could be seen as unlimited, and the longer it remains in force, the more claims could be granted (Eichhorst et al. Until 1998, the Spanish distinguished between employees under and over the age of 18, but the country no longer has a special rule for young people. Firms contribute alongside the government to the costs and co-management of the overall system (Eichhorst et al., 2013). The NEET rate in Italy was already high even before the recession, at about 17%. In France the monthly minimum wage is very high. Since the crisis, participation in education has risen again (Dolado et al., 2013).

At the same time, more and more youths fall into the NEET category. Therefore, even in normal times, they would have difficulties finding a job. A high level of employment protection for permanent jobs makes dismissing employees expensive.

The level of secondary and tertiary education is low, and there is insufficient contact between the education system and the labour market. World Development Indicators, Units: In consequence, the minimum wage is too high in some countries to hire young people. After 2009, the ratio in both countries consistently went up, reaching 14.3% in Portugal and 16.1% in Greece in 2012. It is not only low-skilled young people but also university graduates who are having significant problems finding work. With a total of 13%, Italy is the third lowest in terms of performance five years after graduation, just marginally ahead of Spain. The unemployment rate was 7.0% in April, up 0.4 percentage points on March and up 0.6 percentage points year-on-year, and will have recorded a further rise, to 7.2%, in May, according to INE.

The existence of a minimum wage raises the payment of the least well-paid workers, who are generally young and less qualified. However, EU budgets made no provision for this.

Spain has the highest share of temporary jobs in the EU for all sectors and occupations (Dolado et al., 2013). 4 0 obj The strong concentration of temporary employment in conjunction with structural change problems caused the current youth unemployment disaster (Eichhorst et al., 2013). %PDF-1.5 In Greece, youth unemployment remained quasi stable at 58.0% (-0.1). Therefore, well organised strategies to fight youth unemployment should improve the overall performance of the labour market. Dual vocational training connects with the changing needs of the economy and gives young people the opportunity to gain specific knowledge and preliminary job experience. This makes the transition to a permanent job more difficult as it is quite costly for the employer. More than 40% of young Spanish university graduates work in occupations requiring only low or medium skills (Garcia, 2011). The youth unemployment rate was estimated at 24.4 percent, decreasing by 0.5 percentage points from the previous month. But the vast majority of teenagers (94.4% in 2010) are covered by a training period as an apprentice or through training that culminates in permanent employment. Instead, youth employment policies have concentrated on offering training contracts, which mainly reduce the cost to the employer of hiring young workers via subsidies. Quick Analysis with our professional Research Service: Toplists & Rankings: Best Employers Portal, Show sources information Apprenticeships in France suffer from the perception that this training path is an inferior alternative to full-time vocational schooling (Cahuc et al., 2013).

In contrast, Germany, Switzerland, Austria, and Denmark have maintained a highly successful dual education and training system through apprenticeships. Barslund, M. & Gros, D. Unemployment is the scourge, not youth unemployment per se, CEPS Policy Brief, No. There are minimum wages in France, Greece, Portugal, and Spain. Still, structural reforms of this kind will need some time to show effects and improve the situation for young people in the labour market in a sustainable way. Yet the effectiveness of these measures is questionable (Zimmermann et al., 2013). In Community, Education, By Advertiser, "Portugal: Youth Unemployment Rate from 1999 to 2019. It, too, continued to grow during and after the crisis, reaching 21.1% in 2012. Severance compensation will rise to an equivalent of 24 days of paid work for each year of employment from 18 days now. A large number of young people in France are not sufficiently qualified to be as productive as the minimum wage requires them to be. Unemployment rate rises to 7.0% in April and 7.2% in May. Vocational training in Spain: Changes in the model of skill production and in management modalities, Hamburg University, 2005. In Italy, more than 60% of the unemployed belong to the category of new labour market entrants, and the share of long-term youth unemployment (more than 12 months) is also significant. In general, young people are less experienced, and those young people who are affected by the minimum wage are mostly less qualified and therefore less productive. 1 Comments. Blame this useless disjointed government ! Use Ask Statista Research Service. <> 2013). In contrast, in Spain, the ratio increased dramatically during and after the economic crisis. It means that 60% of young people in the labour force are unemployed. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. The dualisation between permanent contracts and temporary contracts is crucial.

But the losers of the Great Recession and the labour market cannot be left on their own. Investimenti in capitale umano nel futuro di Italia ed Europa, Bologna: Il Mulino, 2010. 294, 26 June 2013. REUTERS/Pedro Nunes. Data in this graph are copyrighted. statistic alerts) please log in with your personal account. This is due to the marginal role of vocational training, which is mainly school-based. By the end of 2012, the youth unemployment rate was above 50% in both countries: 55.0% in Spain and 58.1% in Greece. Our Standards: The Thomson Reuters Trust Principles. This can not be undone. and over 1Mio. Learn more about how Statista can support your business. In 2013, youth unemployment rates continued to rise, by 0.1% in the EU as a whole, 1.7% in Spain, and 2.9% in Italy. Fixed-term employment has been highly responsive to the crisis. The state has a responsibility and must give financial and active support to activate young people in the current situation. Companies will be barred from paying interns less than 80% of the minimum wage, now at 705 euros ($756) per month, and there will be additional overtime pay for those who reach 120 extra hours per year. Explore resources provided by the Research Division at the Federal Reserve Bank of St. Louis, Federal Reserve Bank of St. Louis, CHART 5 Temporary Employees Aged 15 to 24 as a Percentage of the Total Number of Employees.

Corporate solution including all features. New, Insights into the worlds most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development. Workers of unlicensed temporary employment firms, such as those hiring seasonal staff, will be automatically integrated as staff of their actual employer, the bill stipulates. 1-2, p. 1-157, 2013. Share, By Advertiser, The share of temporary employment is also very high in Germany. In Spain the educational structure is also deeply polarised.

[)I^TIT%D"BRU&y3N`'P^.DV(fX;,7y0>' "We want to send a strong message to young people: Portugal values them, we want to attract and retain talent," she told a news conference. European Economic Advisory Group (EEAG). Please create an employee account to be able to mark statistics as favorites. The data shows that youth unemployment (people under the age of 25) increased 4.6%month-on-month(+1,661 unemployed), but registered a fall of 24.9%(-12,513 people) compared to January 2021. 3 0 obj Furthermore, support for start-ups, which is minor in all Mediterranean countries, can be a useful tool for creating jobs for young people and help to boost economic development. Currently, you are using a shared account. Reporting by Sergio Goncalves; Editing by Andrei Khalip and Alison Williams, UK consumer mood stuck at record low, GfK survey shows, Analysis: R.I.P.

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portugal unemployment rate youth