According to the Ecuadorian Institute of Statistics and Census (INEC), the unemployment rate of young people between 15 to 24 years old rose from 9.70% in December 2014 to 11.77% in 2015. In the segment of ages 25-34, however, the unemployment rate went from 4.29 to 5.23% in that period. 2015 closed with 250,565 young people in this age group unemployed.
But besides unemployment rates, experts consider it is necessary to review the behavior of suitable employment to understand the impact of the economic slowdown among young people.
“Unemployment is a misleading figure, because when people lose their job, they do something else, then they are already considered underemployed or with inappropriate jobs. Young people and women segments are the most vulnerable in a recession,” says Xavier Ordenana, professor at the School of Business at the Polytechnic School of the Coast (ESPAE).