Eurostat: over 1.7 million over 55 to work more in 10 years

In the last 10 years, on the basis of the Istat series built on the old rules or considering those who had been on layoffs for over three months as employed, the youngest employed, those in the 15 to 34 age bracket, decreased by almost one million units (between 5.88 million and 4.90 between 2011 and 2020) but if we look at 2001, the employed between the ages of 15 and 34 were 8.3 million, over three million more. In 2021, on the basis of the new rules that do not consider those who have been in cash for more than three months to be employed, there were 4 million 929 thousand employed between the ages of 15 and 34. Returning to the older group according to Eurostat data, the employment rate in Italy in this age group increased by 15.9 points, more than the EU average (15.4 points, from 45.1 in 2011 to 60.5%) also thanks to pension reforms. In 2001, according to data based on previous rules, 1.88 million people aged 55-64 were employed, about 2.7 million fewer than people of the same age in 2020. The employment rate was 28% and just 16.2% for women (10 points less than the EU average). Therefore, if in 2001 there were about four young people under 35 at work compared to a worker over 55 (1.8 million elderly compared to 8.3 million young people, data considered with the old rules) in the 2021 the quantities are almost equal with 4 million 929 thousand young people between 15 and 34 years compared to 4 million 588 thousand workers between 55 and 64 years. The collapse is not only linked to demographic trends. If in 2001 people between 15 and 34 years of age at work were 54.1% of their age group, in 2020 they were 39.8%, a figure which has risen (according to the new rules) to 41% in 2021.