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Trends<br />

According to the estimates, in order to reach the 2010 employment<br />

rate target at EU level, Spain needs to increase its employment rate to<br />

at least 68.5% by 2010. <strong>The</strong> main driver behind the success of a<br />

strategy to achieve this target lies mainly in increasing female<br />

employment rates. <strong>The</strong> projected female employment rate for year<br />

2010 in Spain is 58.9%, although the underlying assumptions,<br />

particularly in relation to GDP growth12 , seem very optimistic. <strong>The</strong><br />

achievement of this ratio implies an annual average female<br />

employment growth of 3.8%, which is also very challenging.<br />

Finally, concerning employment among older workers, the most<br />

optimistic projections in Spain foresee an average annual growth of<br />

4.8% up to 2010. Still, this would not be enough at EU level to reach<br />

the 50% target. This highlights the need for significant reforms if the<br />

Stockholm target is to be reached, as the growth rates required are<br />

again very challenging.<br />

2.3. Unemployment rates<br />

Unemployment rates among older workers have always been below<br />

the average. <strong>The</strong> notable increase in the participation of older<br />

workers over the last years has been accompanied by a steady decline<br />

Figure 6:<br />

Figure 7:<br />

25<br />

20<br />

15<br />

10<br />

5<br />

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26<br />

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12<br />

10<br />

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Total both sexes<br />

45–49<br />

50–54<br />

55–59<br />

60–64<br />

+<br />

+ +<br />

+<br />

of their unemployment rate among this age group up to 2001.<br />

However, the latter declined at a slower pace than total<br />

unemployment rate. As a result, in 2002, the unemployment rate<br />

among older women has already caught up with the total<br />

unemployment rate13 .<br />

<strong>The</strong> next two graphs show that the age group which appears to have<br />

less difficulties is the oldest one, 60-64. <strong>The</strong>y also depict different<br />

patterns for men and women: it seems that, except for the 60-64<br />

group, the older the men are, the greater difficulties they have, i.e. the<br />

higher the unemployment rates; in contrast, the younger the women<br />

are, the higher are their unemployment rates.<br />

2.4. Participation and educational attainment<br />

According to data provided by the Eurostat Labour Force Survey,<br />

educational attainment in the Spanish population is well below the<br />

EU15 average, although the gap is slowly narrowing. Still, the<br />

difference in 2001 between Spain and EU15 in the percentage of the<br />

population aged 25-64 having achieved at least upper secondary<br />

education reaches 23.8 points (40.0% and 63.8% respectively). This<br />

difference is still greater if the population over 55 is considered;<br />

Total<br />

Women over 45<br />

Total over 45<br />

Men over 45<br />

1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002<br />

+<br />

+<br />

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0<br />

1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001<br />

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0<br />

1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001<br />

144 Spring 2003 | European Employment Observatory Review<br />

25<br />

20<br />

15<br />

10<br />

5<br />

+<br />

+<br />

+<br />

+<br />

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Total both sexes<br />

45–49<br />

50–54<br />

55–59<br />

60–64<br />

12 GDP growth equal to 2.1% in 2002 and 3.1% afterwards.<br />

13 Due to methodological changes introduced in the Spanish Labour Force Survey in 2001, the data for 2002 is not directly comparable with the previous years. <strong>The</strong><br />

comparison can be made just in terms of age and gender for 2002.<br />

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