INSTAT: The number of young people decreases, their demand for work increases

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Job requests from young people are increasing year after year, even though their number is decreasing in the Albanian population.

According to INSTAT data from 2019 to 2023, the number of young people aged 15-29 has decreased by 94 thousand, or 13.7%, but on the other hand, the number of young people looking for work has increased.

In 2019, there were 681,552 people aged 15-29, while 15,372 people were registered as job seekers in the employment offices.

Meanwhile, in the last quarter of 2023, the population aged 15-29 was 587,888 people, while over 17,880 young people were registered at the job offices as unemployed, or 16% more than in 2019.

Although the labor market in recent years has reported a shortage of employees in all activities, youth unemployment is increasing. Labor market experts analyze that the increase in youth unemployment comes as a result of a mismatch between the supply of work and the demand that young people have.

Educated youth have few sectors in which to engage, as the economy is concentrated in labor-intensive sectors such as service, construction and fashion workers.

After the pandemic, the trend of unemployment has increased among young people. In the last quarter of 2020, unemployment in the 15-29 age group was 21.7%, while in the last quarter of last year it reached 22%.

Difficulties in the employment of young people are the main reason for their migration. Almost 80% of people who leave the country are young people under 30 years old and the reasons for leaving are related to efforts to improve their economic situation.

 

 

 

 

 

 

 

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