FYR Macedonia has the highest youth unemployment in the Western Balkans - Source

A report labeled "FORMER YUGOSLAV REPUBLIC OF MACEDONIA – REVIEW OF HUMAN RESOURCES DEVELOPMENT" released by the European Union shows that the FYR Macedonia faces challenges in the field of employment. The large majority of the unemployed are unable to get a job for...

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 E-mail article  Print  Save Additional News in English Još vesti na Srpskom Επιπλέον ειδήσεις στα Ελληνικά  Text

FYR Macedonia has the highest youth unemployment in the Western Balkans - Source



Balkans.com Business News Correspondent - 14.05.2013

A report labeled "FORMER YUGOSLAV REPUBLIC OF MACEDONIA – REVIEW OF HUMAN RESOURCES DEVELOPMENT" released by the European Union shows that the FYR Macedonia faces challenges in the field of employment. The large majority of the unemployed are unable to get a job for at least one year, and for over 60% this situation lasts for more than four years. This phenomenon affects almost all population groups, particularly young people,including university graduates, women, especially from ethnic minorities, and the older age groups.
The female activity rate, in FYR Macedonia, is increasing but at a slow pace. Inactivity among women is strikingly high (more than two-thirds of all inactive people), notably among minority ethnic groups.
The former Yugoslav Republic of Macedonia has the highest youth unemployment in the Western Balkans and this, combined with increasing youth inactivity, calls for action. The factors behind these trends can be associatedwith various policy fields, and further analysis of the issue is necessary to inform better policies.
One of the main problems in the labour market is the low capacity of the economy for job creation. The FYR Macedonian government response has included the stimulation of foreign direct investment; deregulation of labour legislation; lowering of the cost of employment; encouraging the creation of SMEs; and investment in human resources, especially in higher education.
The impact of these measures on job creation has been lower than expected, which can partly be justified by the crisis-related contraction of foreign direct investment. Access to financing and support through training remains difficult for SMEs. Self-employment is considered as a last resort for many and remains a fragile sector. Source; Europa


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