Slovakia, together with Spain and Greece, are the countries with the largest decline in the youth unemployment within the eurozone area. According to a report of the European Central, the unemployment rate among workers between 15 and 24 years old, dropped in the years 2013 to 2016.
The study uploaded in the ECB website, notes, however, that “youth unemployment is particularly high in Greece, Spain and Italy, following the large rate increases that occurred during the crisis.”
In Greece, the unemployment rate for young people appears to have fallen by more than 10 in the period 2013-2016, according to a study chart. In December 2016 it stood at 46.7% on the basis of Eurostat data.
This figure is twice as high as total unemployment is given as 23.5% in December 2016.
Greater decline in unemployment was seen only for Slovakia and Spain among the countries of the eurozone.
Youth unemployment is EZ South vs Germany:
Of course, youth unemployment is declining faster than the total unemployment. Because it is easier to hire young workers for wages so low that cannot secure them a living on their own.
The ECB could also try to find out whether the national youth unemployment declined because the countries’ youth migrated to other countries.
Food for thought for one more ECB survey is to find out how many of the “youth” were still employed in 2017 in EU subsidized jobs they found in 2013.
Or bgin something about the job quality – because all I see around in Athens is young people with university degrees working part-time in cafes, restaurants, suvlaki grills and lottery shops. there are also pretty many jobs as delivery boys.
ECB youth unemployment report in PDF
PS tsk tsk tsk …amazing things are happening and we don’t even notice them. Ops! It’s just the nice charts.
You forgot to add, for wages of 2 or a princely 3 euros / hour. IF they get paid.
This is a general observation of which youth unemployment is just a part or symptom:
The god-knows-what-you-call-them (elites?) organising these events are very patient. We are entering the 10th year of their scenario for Greece. It is all about gradual normalisation. ‘Normalising’ doesn’t just apply to Greece but is all over the west & its ‘backyards’ & satrapies. While it includes perception management its true purpose is to give people time to adjust to ever poorer conditions. When enough time has passed the new generations can’t imagine conditions they never knew. They don’t even think of demanding them. Voila!!
Another technique, long known to anyone who teaches, is the psychology of More Load. The students are given X to learn. X is hard and there is much complaining. After a week of launching X and gradual adjustment by the students, you introduce the more onerous Y, which immediately puts X into perspective…the students scramble obediently….
to give people time to adjust to ever poorer conditions. – well said.
When enough time has passed the new generations can’t imagine conditions they never knew – for this they will nee another 20 years