The data reveals that the Netherlands leads the EU with an impressive employment rate of 84 per cent, closely followed by Sweden at 83 per cent and Estonia at 82 per cent. These figures contrast starkly with those at the lower end of the spectrum, where Italy records the lowest employment rate at 66 per cent, with Greece and Romania slightly above at 67 per cent and 69 per cent respectively.
The EU's over-qualification rate stood at 22 per cent in 2023, indicating a significant proportion of the workforce with tertiary education are employed in jobs that do not require such advanced qualifications. This rate shows a slight gender disparity, with 21 per cent for men and 23 per cent for women, as per Eurostat.
Spain experienced the highest rate of over-qualification at 36 per cent, followed by Greece at 31 per cent, and Cyprus at 30 per cent. On the other end of the spectrum, Luxembourg recorded the lowest rate at 5 per cent, with Denmark and Czechia both at 13 per cent.
Fibre2Fashion News Desk (DP)