Thursday, January 24, 2013

Children of the children of Aquarius

The previous post has been removed because it sported a largish spreadsheet error.

The point remains the same (but without the prose. It's late) - that the young have taken the brunt of job losses in Spain and that those born in the 1970's and before - Aquarians by any other name - have emerged relatively unscathed.

Since the total employment peak in the second quarter of 2007, 96 percent of the 3.4 million job losses have been charged to the account of people under 35 years old - their children.



Anonymous said...

Not that I disagree with your point, but some of those "job losses" were just employed people getting older. I mean, Spanish birth rate was at its peak in 1974-76, and at its lowest in 1994-96. That surely accounts for some of the change in total numbers, doesn't it?

Charles Butler said...

You're right, but I don't think it amounts to much. More women over 45 working now than were in the labour force in 2008, for example.