A whopping 1,082,400 young people in Argentina do not study nor work — the so-called NEETs (Not in Education, Employment, or Training), according to data released by Adecco, a consultancy firm. That amounts to 24.6 percent of Argentines between the ages of 18 and 25.
“What do our youth do? 27.6 percent only study, 32.2 percent only work, 10.3 percent study and work and 3.3 percent study and look for work.”
The situation appears to affect young women more than their male counterparts: of the 700,000 young people whom are neither studying, working nor looking for a job, around 589,000 are women, whereas 179,000 are men.
The biggest problem with finding work? A lack of experience.
“The likelihood of obtaining formal employment increases 20 percent (for women) and 30 percent (for men) when candidates: finish formal studies, access formal work experience and participate in a vocational training course,” read Adecco’s report. (So, stating the obvious, it’s way easier to get a job if you have a degree and lots of work experience… oh, and if you’re a man!)
The problems go both ways apparently as half of the 879 companies surveyed said they had difficulties filling vacant posts last year. One clear example is the software sector that has 5,000 unfilled positions each year.
“Argentina has the best universities in Latin America, but has the lowest rates of youth employment in the region. That’s a very strange relation and one on which a lot of work must be done,” remarked David Herranz, Regional CEO for Latin America and Director General of Adecco Argentina.
Herranz’s comments refer to the report released by the INDEC statistics bureau in late August. The data indicated that the region encompassing Latin America and the Caribbean has the highest rate of youth unemployment in the world. It’s expected that this year the regional figures will reach 16.8 percent, and that will increase to 17.1 percent in 2017. Argentina’s specific case is worse: in the second quarter of this year, the percentage of under-29s who were unemployed was 18.9 percent, in contrast to 9.3 percent for the population as a whole, according to the INDEC data.
But youth unemployment is not the only structural problem of the Argentine labour market. Unemployment among women was at 10.5 percent in the second quarter, higher than the average of 9.3 percent.