Jobless rate among young adults almost halves in three years

Business group at the officeThe jobless rate among 25 to 30-year-olds has gone down from 7.3% to 5% over the past two years, the national statistics office CBS said on Wednesday.

Nevertheless, the rate is still almost double the pre-crisis figure of 2.6%, the CBS points out.

At the same time, there has been a rise in the number of 25 to 30-year-olds on flexible contracts. Some 31% now have a short term or flexible employment contract, compared with around 24% before 2008.

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