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In 2024, the employment landscape in the European Union has undergone a significant change, reflected in a notable decrease in the unemployment rate, which stands at 5.9% for the population aged 15 to 74. This represents the lowest level since data collection began in 2009, providing considerable relief in a context where high unemployment has been a recurring concern over the past decade.
Moreover, long-term unemployment, defined as the proportion of the labor force that has been seeking work for more than a year, reached a historic low of 1.9%. However, the situation varies significantly among different European countries. Greece has the highest rate in this regard, at 5.4%, followed by Spain at 3.8% and Slovakia at 3.5%. On the other hand, the Netherlands stands out for its low long-term unemployment rate, set at only 0.5%, with Malta (0.7%) and Poland, the Czech Republic, and Denmark (0.8%) also showing low figures.
The labor situation for young people, however, presents a more complex picture. The unemployment rate among those aged 15 to 24 has risen to 14.9%, which implies an increase of 0.4 percentage points compared to 2023. This increase highlights the challenges young people face in the labor market, illustrating disparities among different age groups. For those aged 25 to 54, the unemployment rate was 5.4%, a slight decrease of 0.1 points. Individuals aged 55 to 74 also saw a reduction, with an unemployment rate of 4.1%, down 0.2 points.
Overall, 2024 has seen a drop of 0.2 percentage points in the unemployment rate compared to the 6.1% of 2023. This progress, while encouraging, raises questions about the sustainability of this trend, particularly concerning the labor integration of young people and the sectors most affected by long-term unemployment.
In light of this situation, authorities and experts are closely monitoring these dynamics with the aim of implementing policies that not only promote job growth but also ensure that such growth is inclusive and equitable for all population segments.
Source: MiMub in Spanish