Colombia: Unemployment levels higher amongst women
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Colombia: Unemployment levels higher amongst women

According to results from Colombia’s national labor market, unemployment levels between April and June 2015 were registered at 11.6 percent for women, up 0.1 percent from the same period during 2014.

By contrast, unemployment levels for men dropped from 7.0 percent reported during 2014, to around 6.8 percent, Colombian daily El Tiempo reported.

Women were found to have the highest level of employment in the commercial sector (restaurants and hotels) at 33 percent, whereas only 22.8 percent of men work in this sector.

Around 56.4 percent of women out of official work are full time house wives, whereas the 59.6 percent of men out of employment are currently studying or in education.

The youth of today

Yet it’s not just women who are suffering, according to the World Labor Organization, in 2013 Latin America there were around 108 million youths between 15 and 24-years-old, of which 13.9 percent (that’s around 15 million) are unemployed.

Close to 55.6 percent of young people in work are employed in “casual” or informal jobs.

Colombia is no exception according to Las 2 Orillas, with 47 percent of young people out of work.

Women still top the charts, with around 21 percent of young women unemployed.

According to the World Bank, generational changes can be blamed for unemployment levels creeping up.

Generation Y

Children born between 1990 and 2000, known as “Millenials” or “Generation Y” are missing out.

In Colombia alone, 3.2 million secondary-school graduates missed out on higher education: meaning that many skilled job roles cannot be filled as candidates lack the appropriate experience.

A survey by Manpower Group in Latin America, found that nearly half of employers interviewed in Mexico and Colombia couldn’t fill open positions.

Source: Manpower Group

Source: Manpower Group

What next?

So what can be done to solve this problem?

Juliana Guaqueta Ospina from the International Finance Corporation commented that  “Private sector education is particularly good at establishing industry links and ensuring that they are meeting with labor market needs.”

Greater government awareness and more links with higher education institutes could give Colombia’s young population that kick it needs to land a job.

See also:

Report: Puerto Rico sees drop in unemployment rate

Ecuador attempts to plug the brain drain