The unemployment rate of young people in the Basque Country in the second quarter of 2023 has fallen by 2.2 percentage points compared to the first quarter.
The fall in the unemployment rate among 16-29 year olds is greater than that of the population as a whole, which has fallen from 8.7% to 7.4%. Moreover, the gap between the general rate in the Basque Country and that of young people is narrowing and in the second quarter of 2023 it is 4.9 percentage points
These data come from the Population in Relation to Activity Survey (PRA) corresponding to the second quarter of 2023. The PRA is compiled quarterly by the Basque Statistics Institute (EUSTAT), which provides the Basque Youth Observatory with data on the population aged 16 to 29.
The unemployment rate indicates the percentage of active people (i.e. in a position to work) who do not have a job, but are actively looking for one and have carried out a job search in the last four weeks. It does not include students who are not looking for a job or disabled persons who are unable to work.
After the increase in unemployment in 2020, as an effect of the Covid19 pandemic, unemployment fell in 2021 and 2022 and, as confirmed by the second quarter data, continues to fall in 2023.
The evolution of the unemployment rate in the second quarters since 2012 shows that the current rate is the best in the last decade, even better than in the pre-pandemic years.
In the second quarter of 2023, the unemployment rate of young women (11.5%) is lower than that of young men (12.9%) and has fallen more than that of young men compared to the previous quarter, when it was 15.3% for young women and 13.8% for young men.
The analysis of the evolution of the unemployment rate of young women and young men in the second quarter of the year, from 2019 to 2023, shows that the unemployment rate of young women has also fallen more than that of young men compared to the second quarter of 2022.
These data are directly linked to goal 8 of the 2030 Agenda for Sustainable Development Goals: "Decent work and economic growth" and, more specifically, to target 8.5. By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value.