What is the youth unemployment rate in Spain?

What is the youth unemployment rate in Spain?

32.61 percent
According to the source, the data are ILO estimates. In 2019, the estimated youth unemployment rate in Spain was at 32.61 percent.

Why is the youth unemployment rate so high in Spain?

The increase in segmentation of the labor market, the lack of effective employment policies and deficiencies in the education system have been cited as some of the principal reasons behind the significant level of youth unemployment in Spain.

What is the unemployment rate of Spain?

As of the third quarter of 2005, the unemployment rate in Spain was at roughly 8.4 percent, in the same quarter of 2012 it increased resulting in a rate of around 24.8….Unemployment rate in Spain from 1st quarter 2005 to 4th quarter 2021.

What is the teenage unemployment rate?

The unemployment rate for youth was 10.0 percent in July 2021, down considerably from the rate in July 2020 (18.5 percent) but up from July 2019 (9.1 percent).

Which country has the highest youth unemployment rate?

The youth unemployment rate of South Africa was nearly 56 percent in 2020, the highest of any G20 country. Brazil followed with a youth unemployment rate of close to 30.5 percent.

Do teenagers work in Spain?

As of 16 years you are allowed to work in Spain, but only re jobs on a contract that the parents are in agreement with, as long as the working hours are during the day, and the work is not considered detrimental to their health or development.

Why does Spain have no jobs?

Overall, Spain suffers from a dual labor market system where many workers take on temporary contracts that are consistently prone to economic shocks and downturns. Freeing up the labor market by making it easier for employers to hire and fire workers would reduce the gap between temporary and permanent work.

What is Spain’s unemployment rate 2022?

For its part, the workforce dropped by 29,400 people in Q1 to a total of 23.3 million. FocusEconomics Consensus Forecast participants expect the unemployment rate to average 14.4% in 2022 and 13.5% in 2023.

What is the poverty rate in Spain?

Spain – At-risk-of-poverty rate was 21.00% in December of 2020, according to the EUROSTAT. Historically, Spain – At-risk-of-poverty rate reached a record high of 22.30% in December of 2016 and a record low of 19.70% in December of 2007.

In what year was the youth unemployment rate the lowest?

Youth Unemployment Rate in the United States averaged 11.72 percent from 1948 until 2022, reaching an all time high of 27.40 percent in April of 2020 and a record low of 4.80 percent in May of 1951.

What percent of 15 year olds have a job?

Throughout the non-summer months of 2020, an average of 27.5% of teens held jobs. During the summer months of that same year, 30.8% of teens were employed. Teen employment rates generally increase during the summer since many students who don’t hold jobs during the school year are able to during these months.

What country has the lowest youth unemployment rate?

Brazil followed with a youth unemployment rate of close to 30.5 percent. In contrast, Japan’s youth unemployment rate was the lowest at roughly four and a half percent….Youth unemployment rate of G20 countries in 2020.