Young people loses battle for jobs

Students in high school.Photo: Bjørn Sigurdsøn / SCANPIX

While employment falls among youth, there as an increase in the amount of people employed among the oldest in the workplace, according to the Labour Force Survey from Statistics Norway (SSB).

From 2008 to 2015 employment rate decreased by 6.6 percent among young people aged 25- 29 years. In the same period of time, employment among those aged 65- 74 years increased by 3.6 percent, writes newspaper Klassekampen.
– The fall in the employment rate of younger may be the future wave of National Insurance. It’s so easy to focus all our attention on the short-term unemployment figures, but this may be of more importance in the long run,  LO economist Stein Regaard says.
Chairman Ingrid Kløve in Seniorsaken think the main reason why more seniors are working is that people are healthier, not that they are forced to work because of the economy.
– But from now on we will probably see that more people have to work longer due to the pension reform. We have probably not seen the full effects of this yet, she believes.


Source: NTB scanpix / Norway Today