Tue. Apr 23rd, 2019

Canarias surpasses 45,000 workers under 25 years of age a decade later - La Provincia

Canarias surpasses 45,000 workers under 25 years of age a decade later - La Provincia

The Canarian economy employs more than 45,000 children under the age of 25 for the first time in the entire decade. The Autonomous Community dismissed 2018 with 47,100 islanders aged between 16 and 24 years in a company's payroll or developing an activity on their own as self-employed workers. This is the highest figure since 2009 and the first time that an exercise with more than 45,000 young people has been occupied since 2010. It has taken eight years and a change of decade for youth employment to begin to emerge from the depression in which He was sunk by the long period of crisis. An improvement that, nevertheless, still does not reach even to approach the figures of the end of 2007. The last quarter of that year, when the crisis broke out with that first chapter of mortgagessubprimeor garbage in the United States, in the Islands there were 39,500 more youth workers than there are at the moment. In other words: it would still be necessary for the number of people under 25 to grow by a whopping 84% to return to the pre-recession figures.

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The active youth population is made up of a total of 75,200 people in the Autonomous Community. Enter both those who are already working and those who are looking for work. The first, that is to say, employees or self-employed, are 47,100, so that six out of every ten Canaries under 25 and willing to work effectively are already working. Exactly 62.6%, according to the calculations of the human resources company Randstad from the data of theActive population survey. The X-ray published yesterday by the firm thus highlights the particular face of the currency, since that 62.6% is the highest activity rate since 2008 (64.1%).

Although the percentage is still four points below the national average, we must remember that in 2012, in the worst of the crisis, the activity rate among those under 25 plummeted to a very poor 30%. At that time, only three out of ten young people willing to work could do so. Today they are, therefore, double. Those 47,100 Canaries under 25 who are contributing to Social Security are the largest number since the 51,600 in 2009, nine years ago. And, in addition, there were no more than 45,000 young people occupied in the Archipelago since 2010, when there were 45,900. The improvement, therefore, is evident, but it is no less true that the figures are still very far from those of 2007, when the recession began. Both the active and employed population and the activity rate of young people are still light years away from those recorded by the Islands' labor market in the last months of the year when the economy went into a tailspin.

In the last quarter of 2007 there were 108,600 under 25 working or actively seeking employment in the Canary Islands. There are 33,400 more than the 75,200 that are currently, a fall of almost 31%. And the fall of the youth active population also occurs in the group of those who are already employed. At the end of 2007 were 86,600 and today are the above 47,100, a whopping 39,500 less, or what is the same 45.6% less. It is not surprising that the activity rate is also significantly lower today. Before the crisis it was 80% and today the aforementioned 62.6%. In short, before working eight out of ten young people who wanted to work and today only do six out of ten. In fact, the region is among the five that are below the average and is far from the activity rate of regions such as the Balearic Islands, where it is 77.3%.

There is thus the paradox that, on the one hand, the Canary Islands have already managed to have more workers than before the crisis and also a larger active population; but, on the other hand, it has not yet managed to do so in the segment of those under 25 years of age. The reasons that youth employment has not yet recovered the figures before the crisis are several, but the experts highlight two. In the first place, the destruction that the recession caused in the construction sector, which until the outbreak of the crisis seduced thousands of young people with juicy salaries, which led them to abandon their studies prematurely to join the work. And secondly, there is precisely the extension of the formative period in the face of the conviction of many young people that finding a job is no longer an easy task. And all this without forgetting that the population between 15 and 25 years has been reduced by 31,587 people since 2007 as a result, among other factors, of the exodus of many young graduates in search of a future work abroad and population aging.

The national employment rate for under-25s is 66.5%, the second highest in the last ten years, second only to that of 2008 (71%).


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