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Economic growth above 8% last year did not manage to produce more employment, on the contrary employment has declined in the working age population.
What INSTAT reported that employment increased by 0.4% during 2022 has not been true for the working age population where it is seen that, on the contrary, there has been a contraction.
More detailed official data show that in 2021 were employed 1,176,381 people aged 15-64 years with a decrease of 0.4% compared to a year ago or over 4200 less than in 2020 where the pandemic plagued the country and employment was hit the most.
The largest increase in employment is seen to have occurred among retirees. INSTAT data show that employees over 64 years old increased by 15.5% compared to a year ago or 9668 people more.
In 2021 the number of employed pensioners reached 72,368 people from 62 thousand 700 in 2020.
In contrast, employment at a young age has declined despite the needs of the labor market which present deep shortages in some sectors.
According to INSTAT, the unemployment rate for young people aged 15-24 is 27.1%. Compared to the previous year, the youth unemployment rate increased by 0.6 percentage points.
The gap left by young people in the labor market is being replaced by retirees. According to INSTAT data, the number of persons over 64 years old who have been reported to work during 2021 marked a significant increase compared to the same period a year ago.
Also the number of working people over 60 reached a record in 2022. They are becoming more and more attractive in the labor market because of the trades they own. Businesses are finding more skills at older ages. Young people are fewer in number and are less and less trying to learn crafts. The tendency to win fast and very effortlessly is already evident.
A series of demographic factors, led by high emigration are rapidly reducing the labor force among young people aged 15-29. In contrast, the number of working retirees is growing significantly.
In conditions when pension payments do not even ensure the survival of pensioners, the government has no room to maneuver to improve the situation. The public scheme is characterized by high deficit, because expenditures are higher than contributions.
Many retirees are forced to integrate into the labor market due to insufficient pension income.
In 2020, the average pension in the city was 15,732 ALL, marking a decrease of 3.2% compared to 2019. This was the first time that the net pension decreased, as experts in the SSI clarified that the average pension will be under pressure in years future, due to the increase in the number of beneficiaries (population living abroad) and those living in the village./ Monitor
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