• Why Spain fails with youth unemployment and how to fix it

  • Four out of ten young people who went unemployed in 2022 in the EU are Spanish

Spain

is the country with the highest

youth unemployment

in all of Europe (

29.3%

, at the end of 2022) and, as such, contains

ten of the twenty metropolitan areas with the highest unemployment

among those under 25 years of age in the entire European Union (EU). ), according to data published this Monday by Eurostat.

The community agency has not yet broken down the level of unemployment by metropolitan area with updated data for 2022, but it has published the employment differences for young people that existed in

2021

.

In this photograph, Spain comes off very badly, followed by

Italy

-with

seven areas

among the twenty European ones with the most unemployment-,

France

-with one-,

Romania

-with another- and

Slovakia

-with the last one-.

Las Palmas (Canary Islands)

was the metropolitan area with the highest youth unemployment in the entire EU in 2021 (

58.5%

, according to Eurostat), as the archipelago was one of the areas of the country that was most impacted by the

pandemic

-given the presence of tourism in GDP and regional employment- and the

incomplete recovery

that it registered the following year due to the successive waves of covid-19 and the restrictions on international travel.

The next four positions were occupied by areas of southern Italy -

Palermo and Messina

(in Sicily, with youth unemployment rates of 55.8% and 55%, respectively),

Taranto

(in the southeast, with 53.7% of the young unemployed) and

Naples

(52.1%) - and in fifth position a Spanish appears again:

Santa Cruz de Tenerife

(51.5%).

The Andalusians

Seville

(51%),

Cádiz

(48.9%),

Córdoba

(47.2%),

Málaga-Marbella

(42.7%) and

Granada

(40.4%) fatten the list of black spots of unemployment youth in Spain, but not only the Canary Islands and Andalusia break records, but

Alicante

-

Elche

(43.3%),

La Coruña

(40.9%), and

Bilbao

(38.5%)

are also among the ten with the highest youth unemployment

).

The ranking is completed by Cagliari (south of Sardinia), Catania (also in Sicily), Rome (the Italian capital), Les Abymes (in Guadeloupe, the Antilles, belonging to France), Craiova (south of Romania) and Kosice (east of Slovakia). ).

On the contrary, the metropolitan areas with the least unemployment on the continent were in 2021

the Polish city of Szczenin

(2.5%), the Slovak capital

Brastilava

(2.6%),

Poznan

-in Poland- (2.8%) and the

German

Offenburg (2.9%), Karlsruhe (3.1%), Zwickau (3.2%), Wuppertal (3.7%), Ulm (3.9%) and Osnabrück (4.4%).

In the worst moments for employment after the financial crisis, in the year

2013

, thirteen of the twenty European metropolitan areas with the highest unemployment were Spanish and those that were in front were

Cádiz

(with a rate of

69.7

%, that is to say that seven out of ten people under 25 did not have a job), Málaga-Marbella (68.2%), Seville (66.4%), Santa Cruz de Tenerife (65.8%), Córdoba (64.4%), Las Palmas (64.2%), Granada (60.9%), Alicante (57.5%), Valencia (55.8%), Oviedo-Gijón (55%), Murcia-Cartagena (53.5%) , Santander (52.5%) and Bilbao (52.1%).

Canarias continues to lead youth unemployment in 2022

The economic growth of 2022 and the creation of jobs have allowed a drop in youth unemployment but the distribution of the incidence is maintained.

In 2022,

Melilla

was at the head of youth unemployment (52.08% in the average of the four quarters, according to the EPA), followed by the

Canary Islands

(with 44.5%),

Ceuta

(43.5%),

Extremadura

(39.6%), the Principality of

Asturias

(36.4%) and

Andalusia

(35.3%).

The Foral Community of

Navarra

was the region with the lowest youth unemployment in the year (17.3%), followed by

Aragon

(19.3%),

Catalonia

(25.3%) and

the Balearic Islands

(32.2%).

After the recovery in employment that has occurred in the last two years, by

2023 a

slowdown in the creation of new jobs

is expected ,

in line with the slowdown in economic growth, which will also affect youth employment.

The creation of jobs in this segment of the population will also be conditioned by the

increase in the Minimum Interprofessional Wage

(SMI) to 1,080 euros in fourteen payments, which the Government will approve this Tuesday.

According to

BBVA Research

, the only study service that makes regionalized forecasts,

in 2023 employment will grow by 1.1%

on average in Spain with significant territorial differences.

The Canary Islands will be

the region with the highest employment growth

for the second consecutive year

(

4%,

after 10.7% in 2022 and 1.3% in 2021);

followed by the Balearic Islands (2.9%) and Asturias (1.8%), according to their latest report on regional perspectives.

The only community with destruction of jobs will be

Galicia

(-0.7%) and the regions with the least progress in employment will be the Valencian Community (0.1%), Castilla y León (0.4%) and Andalusia (0 ,5%).

The

Bank of Spain

warned in its latest macroeconomic projections report, updated in December, that "there is considerable uncertainty about the possible future evolution of the labor market in our country", because "it could happen that employment continues to surprise upwards" , or that "this labor market variable, which usually responds with a certain lag to the evolution of aggregate economic activity, will begin to show signs of weakness that are more intense than those expected in the central scenario".

According to his estimates,

employment in hours worked will grow by 0.5%

only in 2023.

According to the criteria of The Trust Project

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