Which countries are suffering from a quarter-life crisis?

Following on from our earlier post on how it is not just Britain that is suffering from a quarter-life crisis due to poor levels of youth employment. We thought we would ask our good friend Google which countries are suffering from a QLC the most. The results are quite surprising.

According to Google Trends there is in fact a number of other countries who are suffering from QLCs. However, what is surprising is that the country who searched for quarter-life crisis the most was not in fact the US or the UK – it was the Philippines. As you can see from the graph below, the Philippines have been using the search term ‘Quarter Life Crisis’ three times more than those in second place, the US. With Makati City being the place in crisis the most, closely followed by Quezon City and Manila.

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Youth unemployment has been rife in the Philippines, specifically over the years of 2009 – 2012 where unemployment among people aged under 30 averaged 74.825 million people over the four years, a rate of 12.65% – that’s a rate of one in eight people under the age of 30 being unemployed.

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However, as our graph shows Google’s data stretches back to 2005 therefore meaning that whilst unemployment hit it’s peak during the years of 2009 – 2012, the Philippines youth unemployment rate has been steadily decreasing over the last two years. A trend that has come about through the rise in part-time work becoming more readily available for the youth population in Philippines

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Is it just Britain having a Quarter-Life Crisis?

Youth unemployment has been rife in the UK over the last few years, and in Quarter Life Clueless’s opinion is one of the biggest factors as to why quarter-life crisis is such a hot topic at the moment.

However it is fair to say that it’s not just young Brits who are struggling in the job market. Data collated from Eurostat shows that Britain’s youth unemployment rates are in fact no where near as high as those in countries such as France, Spain, Portugal and Italy (no prizes go to those who guessed Greece’s youth were worse off than ours, at least that’s something ‘ey?).

What this all shows is that despite things being pretty grim at the moment in old Blighty, things are a lot worse on the other side of the channel. A discovery that will perhaps be met with cries of Sacre Bleu by our rather less fortunate French counterparts.

 

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Stats from Eurostat

 

Country Rate (2013)
Austria 8.90
Belgium 23.10
Canada 13.90
Czech Republic 18.80
Denmark 12.90
Finland 19.40
France 25.60
Germany 7.40
Greece 59.00
Hungary 28.10
Ireland 24.60
Italy 41.60
Japan 7.30
Luxembourg 18.10
Netherlands 11.10
Norway 9.20
Poland 27.40
Portugal 36.30
Spain 54.30
Sweden 22.90
UK 19.90
USA 14.20

Unemployed under-30s – is it getting worse?

Are you Quarter Life Jobless?

Struggling to find a job? Stuck sending off CVs en masse to uninterested corporate bigwigs? Well, at least you’re not alone. The latest figures from the Office for National Statistics (ONS) show that unemployment has been shooting up since 2002 – and people in their 20s are a big part of it.

graph

 

 

You can see the full results here. There are very clear trends to observe here that won’t come as a surprise to anyone who’s spent a good afternoon browsing job sites and weeping copiously.

For another view on it, here the figures are stacked on top of each other to make a sort of depressing tower of jobless (Click for larger image):

unemployment 3

 

 

Still, this are tricky numbers to analyse; millenial unemployment is pretty poorly represented in this sort of data, as the boundaries are too broad. 18-24 gives us the beginning of the age group we want, but 25-64 swallows up the rest of it, and leaves us unable to make strong comparisons.

However, if we do look at the 18-24 data, and assume that similar trends would apply later on, the picture is predictably depressing. Take a look at the number of unemployed two years ago compared to just 10 years before that:

 

unemployment

Things now seem to be improving, but unemployment is still at a higher rate for people in their mid-twenties than it was not so long ago. For our generation, technically these findings are a win-win – if you have a job, you’ve beaten the odds.

If you haven’t, well – you’re not alone.

 

Full data:

United Kingdom Percentages
People 25–64 16–17 18–24
2002 3.9 19.4 10.6
2003 3.7 21.1 11.0
2004 3.4 21.7 10.3
2005 3.3 21.7 10.7
2006 3.9 23.6 12.9
2007 3.6 28.3 12.1
2008 3.8 25.8 12.9
2009 5.8 34.7 17.5
2010 5.9 32.8 17.7
2011 5.9 37.3 18.9
2012 5.9 36.8 19.6
1. The unemployment rate is calculated as the percentage of those who are economically active (that is employed) in the relevant age group.
2. May to July each year, Seasonally adjusted.
Source: Labour Force Survey, Office for National Statistics