09/03/2013 00:00
TW
0

Palma.—Over the past three years, 59'000 jobs have been lost or rather ‘destroyed', according to a study carried out by the Balearic University.
The authors of the report, Applied Economics Professors Joaquin Alegre and Llorenç Pou entitled ‘The economic crisis and work, its affects on the home' concludes that a total of 59.640 jobs have gone since 2008, some 12 percent of the employment market.

In the study, they looked at how the economic crisis has hit different family members and it has been the younger members of local families who have been hit hardest.

Apparently, 69 percent of those lost jobs were once occupied by young people who, in 2008, accounted for 22 percent of the Balearic workforce.
Alegre and Pou looked at three different groups, the head of the household, his or her partner, in the case of there being one, the children and how the crisis has affected them.

One of the conclusions is that, in cases where the head of the household or the main bread winner, which could be either the mother or father, has retained their employment, families have more or less been able to maintain a domestic and social status quo.

But, in households where the main bread winner had lost his of her job, along with the children due to the severe shortage of part time work, the domestic environment can become conflictive and spill out into society.

And now, with the increases in taxes and Spain on the eve of its second recession in three years, the current 23 percent rate of unemployment is forecast to increase with young job hunters facing the toughest task of finding work.