Human Capital Notes
Human capital and employment in times of crisis (II)
Abstract
The rate of long-term unemployment, i.e. the percentage of the economically active population that has been unemployed for more than a year, rose from 2% in 2007 to 8.5% in 2010. Furthermore, a person with only primary education is 14.5% more likely to suffer long-term unemployment in the current situation than a graduate. These are some of the data included in this note which shows that having less education not only means that there is a greater probability of becoming unemployed, but also that it is more difficult to find work.In addition, this issue of Human Capital examines how employment has evolved since the beginning of the crisis by productive sector and region, analyzing the relevance of the weight of construction and the high temporality in employment results. This note completes the information published in issue 118, in which the crisis was shown to have amplified the differences in unemployment by educational level, among other issues