Malta’s Youth Employment Rates Among The Highest In Europe
Recent data from Eurostat reveals that Malta is setting an impressive pace when it comes to youth employment.
Last year, a remarkable 91% of young Maltese graduates found themselves in the employed category, especially those graduating from tertiary institutions such as the University of Malta and MCAST.
This rate is currently higher than other European countries, only slightly behind the leading rates in Germany at 92% and the Netherlands at 93%.
Italy, Romania, and Greece have been identified as the nations where recent graduates find it toughest to enter the job market.
In a broader perspective, during 2022, 82% of European young adults aged between 20 and 34 who graduated were successful in securing employment. Encouragingly, this figure has increased 7% from 2014 to 2022. The pandemic did have a toll on the rate but not fully.
In fact, 2022 marked a milestone as Europe hit a new record, surpassing the 81% employment rate achieved in 2018.
Delving deeper into the numbers, there is a gender variance in employment rates across Europe.
Male graduates slightly higher employment figures than females by just over two percentage points. An analysis suggests this disparity can be attributed to job market demand and prevalent academic trends.
Men, in general, tend to lean more towards sciences and technology courses, sectors that are in high demand. Despite this, the rate between men and woman has been actively on the decrease.
Malta, however, stands out in this context as well. The gender employment gap is almost non-existent. In fact, young female graduates in Malta have a slight edge over their male counterparts. They have an employment rate of 90.9%, which is 0.3% higher than that of males.
What do you make of these stats?