25% of Albanian 15- to 29-year-olds unemployed as country marks Youth Day

Youth unemployment is still a lasting wound in Albania, but not only.

The world economic crisis ten years ago has led many European countries to drift into a dangerous spiral in terms of unemployment, and young people are always the most vulnerable in this respect.

The latest official figures in Albania put youth unemployment at the rate of 26.4%.

Compared to the second quarter of 2015, when it reported the record of 34.2%, youth unemployment rate has experienced a significant decline.

But we have to say that the figure is not real, since in the overwhelming part the figure covers only formalization of jobs, as a result of the recent reform, and it is not real employment.

Anyway, the figures are as follows.

With a youth unemployment of 26.4%, if Albania were part of the common European family, it would be the 5th country for youth unemployment following Greece, Spain, Italy and Cyprus.

Three of these countries faced bankruptcy and were rescued only by creditors, while Italy went very close to the collapse.

When comparing, we must not forget the fact that Eurostat data refers to the age group of 15 to 25, and not to the age group 15-29 that Albania’s INSTAT refers to.

So, across Europe, young people aged 25 to 29 years old do not fall into this statistic, and this is the age group that is more likely to be employed because of their education and experience.

On equal terms, the situation would be quite different, and maybe Albania would have been at the top of the list.

SCAN    

*Material i përgatitur nga portali SCAN. Ripublikimi mund të bëhet vetëm kundrejt citimit të autorësisë dhe burimit origjinal.