39.3% of young people aged 16 to 29 were in work during the first quarter of 2017
- The Basque Youth Observatory
- This confirms the fall in youth unemployment, which is returning to 2010 levels
The Basque Youth Observatory is providing data on the activity, employment, and unemployment rates of young people aged 16 to 29 in the Basque Country. This information has been obtained from data provided by the Basque Statistics Institute, Eustat, taken from the Population in Relation to Activity Survey (PRA).
The activity rate indicates the percentage of people available for work in relation to the total population in a given age group. In other words, it refers to people who are in work and people who are looking for a job and are prepared to start work.
In the first quarter of 2017, the activity rate for young people in the Autonomous Community of the Basque Country was 48.4%, i.e. 48 out of every 100 young people in the Basque country aged 16 to 29 are working or are available to work and are seeking employment.
The Basque youth activity rate has been declining steadily in recent years, from 59.2% in 2006 to 48.4% at the beginning of 2017. Unlike the youth activity rate, the activity rate for the general population aged 16 and over, has remained practically the same over these years and now stands at 56%.
The employment rate expresses the percentage of employed persons, i.e. people in work in relation to the total number of people in their same age group. The employment rate of young people in the Autonomous Community of the Basque Country was 39.3% in the first quarter of 2017. In other words, 39 out of every 100 young people in the Basque country aged 16 to 29 years are currently working. The employment rate has increased by two points compared to the average for 2016 and in absolute figures, it means that 104,600 young people are currently working.
The employment rate is slightly higher in Gipuzkoa (40.4%) and lower in Araba/Álava (37.8%), while young people in Bizkaia match the Basque average (39.1%).
The employment rate was higher in the first quarter of 2017 among young men (41.1%) than among women (37.3%), which breaks the trend of recent years in which women had higher employment rates.
The unemployment rate indicates the percentage of the working population (i.e. looking for employment) who are unemployed but who are available for work and actively seeking employment (they have tried to find a job in the last four weeks); it does not include students who are not seeking employment or disabled people who are unable to work.
The youth unemployment rate for young people aged 16 to 29 fell significantly in the first quarter of 2017, confirming the trend that began in 2015. For youth as a group, the unemployment rate was 18.7% in the first quarter, which represents 24,000 young people.
Unemployment is higher among women for the first time since 2007. The unemployment rate among women stands at 19.7% while it is 17.8% for men. By territories, Gipuzkoa (16.6%) has a lower unemployment rate than Bizkaia (19.6%) and Álava (20.2%).
If we compare youth unemployment rates with the unemployment figures of the general population in the Autonomous Community of the Basque Country, we shall find that, for the first time in a decade, youth unemployment does not double that of the population in general (11.4%). At present, the difference between them is 7 points.
On the other hand, if we compare the youth unemployment rate of the Autonomous Community of the Basque Country with that of Spain as a whole, we find that the situation of Spanish youth is quite worse than that of Basque youth: the youth unemployment rate in Spain in the fourth quarter of 2016, the latest figure published by the INJUVE (Youth Institute of Spain), is 31.7%, 13 points above the youth unemployment rate in the Basque Country in the first quarter of 2017.