The European Statistical Office Eurostat announced that 59.6% of people aged 55-64 in 2020 were employed in the European Union (EU) and in comparison, the employment level of people aged 20-54, stood at 76.2%, according to a press release.
“The employment rate of both younger and older individuals depends on their educational attainment level. The higher their education level, the higher their employment rate,” said analysts at Eurostat on Tuesday.
People aged 20-54 with a low level of educational attainment had an employment rate of 59.9%, while this rate was 15.8 percentage points (pp) higher for those with a medium level (75.7 %) and 25.8 pp higher for those with a high level of education (85.7%).
Eurostat explained that there were large differences between the employment levels among older people, depending on their educational attainment: 44% of individuals aged 55-64 with a low level of education were employed compared to 60.9% with a medium level and 75.6% with a high level of educational attainment.
“The percentage of employed individuals aged 55-64 with a high level of educational attainment was very similar to the percentage of employed 20-54 year-olds (76.2 %), regardless of their educational level,” said Eurostat.