Economist Lucía Cirmi said youth unemployment in Argentina and globally is double the general unemployment rate [1].
This disparity highlights a systemic barrier to entry for new workers, potentially leading to long-term economic stagnation and a loss of skilled labor within the Argentine workforce.
Cirmi, a magister in development, said the trend during a segment on Todo Noticias (TN). She said that the struggle to find employment is particularly acute for the younger generation, a trend she observed both within Argentina and across the rest of the world [1].
According to Cirmi, the youth unemployment rate is twice that of the overall unemployment rate [1]. This gap suggests that young people are not only the last to be hired during economic recoveries but are also the most vulnerable during downturns.
"Vemos desempleo juvenil, que en el mundo y en Argentina, duplica al desempleo en general," Cirmi said [1].
The economist said the high levels of joblessness among the youth suggest that the current labor market dynamics are failing to integrate young professionals into the economy. The disparity in employment rates creates a precarious environment for those attempting to start their careers in a volatile economic climate.
“Youth unemployment in Argentina and globally is double the general unemployment rate”
The doubling of unemployment among youth compared to the general population indicates a structural failure in the labor market's ability to absorb new entrants. When young workers face disproportionate joblessness, it often leads to 'scarring,' where early career gaps result in permanently lower earnings and reduced lifetime productivity for the national economy.
