Young people represent one of the groups which has been most affected by the pandemic. Lockdown measures have impacted the reality of the youth labour market, which even before the arrival of the virus had already suffered from persistent insecurity. Unemployment is increasing, along with the vulnerability of the young people who look at their future with growing concern. How to confront the challenges posed by the 'new normal'? Is there a possible solution?
Young people finds themselves in a situation of great insecurity, this conclusion was made in the report 'Youth at risk: analysis of the socio-economic consequences of COVID-19 on the Spain's young population'. This is the first of several reports which the Institute of Youth (INJUVE) will publish.
The report analyses how the health emergency has affected and can affect the labour market situation in the medium and long-term perspective, alongside with analyzing economic and social situation among the groups, specifically young people aged between 16 and 29 in Spain.
In April, 33.3% more young people were unemployed, and there were 82.4% more jobseekers. Furthermore, the unemployment rate of young people in Spain was at 25.2% in the first weeks of the state of alarm, recording a quarterly increase which was twice as high as that registered among those aged 30 to 64.
Protection from ERTE (Temporary Redundancy Plan) has been a positive measure for young people as well as for other groups. However, the INJUVE report shows that 41% of young people involved in the Temporary Redundancy Plan, despite maintaining their relationship with the business, face a specific risk of being added to the unemployment queues if they do not return in full to their activity once the state of alarm is over.
Currently, of the 330,000 jobs held by people under 30s which were stopped in March and April, only 57,000 jobs have been recovered, which amounts to 17%, according to data from the Ministry of Inclusion, Social Security and Migration.
Youth unemployment is not something new. Social entrepreneurship can be a solution.
Before the arrival of the virus Spain already had one of the European Union's highest rates of youth unemployment in recent years. According to data from Eurostat, the unemployment rate for under 25s is 33.2%. Moreover, between 2010 and 2018 the average salary for young people aged between 16 and 24 fell, according to data from the National Institute of Statistics. All these reasons explain why young people move to other countries in an attempt to improve their employment situation.
Although Spain is not the only country which finds itself in this situation. According to a report from the International Labour Organisation, one in every six young people has lost their job due to the coronavirus crisis.
With this scenario, is there any possibility of facing this problem which appears to be structural and permanent in our society? Perhaps social entrepreneurship is an employment alternative for young people, an alternative that in addition to allowing their professional success, can also have a positive effect on the environment.
Social Entrepreneurship has been established as one of the most innovative areas of economic and social activity in Europe. And in recent years in Spain there has also been a growth in this type of initiative, although there is still a long way to go before it becomes a competent sector.
Therefore, Jovesólides promotes new Social entrepreneurship initiatives through training, motivation and support. It also pays special attention to the most vulnerable groups, as in the case of young people.
Thus, in recent months, the institution has developed the 'Generación talento' programme, a project aimed at improving the employability and labour integration of young people through Social entrepreneurship.
The young people who participated in the 'Generación talento' workshop end their training with increased creative skills and critical thinking. They also increased their self-esteem and self-awareness to attract opportunities. And they discovered how they can generate job opportunities, through initiatives that provide a positive impact, above all, very necessary in the current scenario, caused by the COVID-19.