July 21, 2024 | 12:03

Bizkaia

Dual Vocational Training raises youth employment in Bizkaia to almost full employment

Maria Jose Gonzalez

August 24, 2023 | 9:00 a.m.

A Remarkable Transformation

The employment landscape for the youth of the Basque Country has undergone a considerable metamorphosis in the last three years. He youth unemployment between 16 and 29 years old, has experienced an unprecedented decrease, transitioning from 23,9% to a notable 12,3% since 2020, according to figures provided by the Basque Youth Observatory.

The Impact of the Pandemic

2020, marked by the outbreak of the pandemic and the subsequent confinements, saw the youth unemployment rate skyrocket to a worrying 23,9%. However, what could have become a protracted crisis turned into an example of economic recovery. In the words of Jonan Fernandez, Secretary General of Social Transition and the 2030 Agenda, from that fateful third quarter of 2020 to the second quarter of 2023, we have witnessed "twelve quarters of uninterrupted decline."

A Glimpse into the Past

To fully appreciate this achievement, it is enough to remember that in 2014 and 2015, the youth unemployment rate was in the margins of 29% and 29,5% respectively. The Basque Country has shown an amazing capacity for regeneration, consolidating a steady decline in youth unemployment.

Euskadi in National Comparison

The Basque Statistics Institute-Eustat, based on the results of the Population in Relation to Activity Survey (PRA), has confirmed that the Basque Country maintains an enviable position as the autonomous community with the lowest youth unemployment rate. In fact, the Basque unemployment rate is 7,2 points lower than the national average, as highlighted by the Observatory.

Beyond numbers

The unemployment rate, beyond being a simple percentage, reflects the realities and aspirations of a generation. It excludes those students who are not seeking employment and individuals who are unable to work. But, revealingly, the study also shows an increase in the employability of Basque youth, going from 37,3% in 2020 to 42,3% in 2022, once again exceeding the national average.

Towards the future

However, despite the palpable progress, Jonan Fernández stresses that there is no room for complacency. Although the evolution has been "clearly positive", the objective remains firm: reduce the youth unemployment rate below 10%.

A Promising Horizon

The Basque Country has once again shown its resilience and ability to adapt and overcome challenges. The remarkable recovery of youth employment in the territory is testament to a combination of sound policies, a resilient economy and, above all, the unwavering spirit of its people. Basque youth look to the future with renewed optimism, confident that the horizon promises even more opportunities.

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