Tuesday, January 31, 2017

The most busy, but the halls youth unemployment – The Sun 24 Hours

ROME

in 2016, it is closed with 242mila occupied, of which slightly less than half (111mila people) with a permanent contract. The absolute figure is higher than the one registered by Istat in December of 2015 when the additional places created have been 141mila, but at the time there was a surge of open-ended contracts (+238mila), supported by the incentive-filled, compensated, however, by the fall of self-employment.

The month of December also marked a new negative peak in the rate of youth unemployment, which rose to 40,1%; a figure which we nails on the third and last place in the international comparison (worse than us, only Spain 42.9%, and Greece, to 44.2%, but the detection is to stop in October 2016). We are light years away from the first class, Germany, with just 6.6% of under25 without a job – thanks to the dual training system -, as well as from 20.9% in the euro area and from 18.6% in the Eu. The distance with the main partner, according to Eurostat, are also observed on the rate of unemployment: in December in Italy remained stable at 12%, unlike the euro area where it declined to 9.6%, the best result since may, 2009 and by the Eu (8,2%). Also in this case we are in the last places, far away from Germany (3.9%) and France (9.6 percent).

Of the rest, December, confirms the trend detected by Istat also in the previous months, the Italian labour market, which stabilised: in the last quarter of 2016, there has been a stability of employment. In December, the employment rate stood at 57,3% (same as November), but in growth (+0.7 points) on December 2015. The unemployed have stabilized above $ 3 million (3.103.000) and year-on-year rose by 144mila unit. At the same time collapsed the number of inactive, (-478mila than December 2015): this increased participation in the labour market, however, for the most part is not resulting in new employment and eventually to swell the number of unemployed. This phenomenon adversely affects the serious delay in the take-off of the active labour market policies.

by Analyzing the age groups, it emerges that the greatest increase in employment has affected the over 50s, to effect the raising of requirements for pension (+410mila on an annual basis). While the central strips of age, between 25 and 49 years of age, we are witnessing a contraction in employment, to demonstration, as explained by the labour economist Charles Herring, “of the difficulties of a large part of the manufacture, still struggling with the complex situations of industrial crisis”. Return to grow the fixed-term contracts – compared to the December 2015 register 155 thousand occupied temporary more -, while the collapse of the self-employed (-24 thousand) suffer from the economic downturn, in the first place due to the effect of the critical issues of the client.

The Istat, for the first time, also provides the data of the effect of the demographic component on the underlying trend of employment, showing that the decrease of 168mila occupied in the bands between 15 and 49 years of age affects in a significant decrease in the population of this age group. Net of this dynamic, the employment performance is, on the contrary, positive (+76mila unit). In the range between 50 and 64enni, on the contrary, the population growth has only accentuated the growth in employment.

Among the reactions, the government sees the glass as half full and by the voice of the minister of Labour, Giuliano Poletti points out that “by February 2014, or since the establishment of the government Renzi, there have been 602mila occupied, 440mila of which are regulars”. Of a different opinion Renato Brunetta (Fi), according to which “the Italian labour market has stopped.” Of concern to the trade unions: Cgil, speaks of “a social emergency that is affecting especially young people.” For Maurizio Sacconi (Ap) “the effect of incentives is exhausted, it is urgent for an extraordinary plan of work for immediate effectiveness”.

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