The youth unemployment rate in Bizkaia is higher than the rest
The youth unemployment rate for young people aged 16 to 29 in the Autonomous Community of the Basque Country stood at 14.8% in the third quarter of 2018.
This figure is higher than the figure for the general population of the Basque Country aged 16 and over (9.5% in the same quarter).
- What does the unemployment rate indicate?
The unemployment rate indicates the percentage of the working population (i.e. people 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.
- How has this rate evolved over the last year?
When compared to the same quarter of the previous year, the youth unemployment rate has dropped by more than two points, falling from 17.2% in the third quarter of 2017 to 14.8% in the third quarter of 2018.
And, if we compare it to the third quarter of 2016 (when it was estimated to be 23.7%), we find that there has been a drop of almost nine points.
In general, the drop in the unemployment rate over the last two years has benefited young people more than the population in general.
- Are there any differences between the provinces of the Autonomous Community of the Basque Country?
The unemployment rate is highest among the youth of Bizkaia (17.9% in the third quarter of 2018, compared with 11.8% for the province of Alava and 11.3% in Gipuzkoa).
In any case, the three provinces have seen a drop in the youth unemployment rate between the first and third quarter of 2018.
- And how has the employment rate evolved in 2018?
The employment rate indicates the percentage of employed persons when compared with the total number of people of the same age.
The employment rate for young people aged 16 to 29 in the Autonomous Community of the Basque Country stood at 41.2% in the third quarter of 2018, exactly the same as recorded in the second quarter, and higher than the figure for the first quarter of this year (38.9%).
This year, the employment rate has been increasing steadily in Alava and Gipuzkoa, while there has been a decline between the second and third quarters in Bizkaia.
- Where do we get these data?
These data come from the Population in Relation to Activity Survey (PRA) for the third quarter of 2018. The PRA is prepared on a quarterly basis by the Basque Statistics Institute (EUSTAT) and provides the Basque Youth Observatory with data relating to the population aged 16 to 29.