The bar chart illustrates the employment rates for two distinct age demographics – those aged 25 to 34 and 55 to 64 – categorized by four levels of educational attainment in the years 2005 and 2015.
Overall, it is immediately apparent that employment rates were positively correlated with educational level across both age groups and years. Furthermore, the younger demographic consistently maintained significantly higher workforce participation than their older counterparts. While employment for the older group saw a universal increase over the decade, figures for the younger group remained relatively stable or experienced marginal fluctuations.
Looking at the 25-34 age group, those with tertiary education or post-secondary non-tertiary qualifications saw the highest employment, remaining robust at approximately 83% to 85% in both years. In contrast, younger individuals with below upper secondary education had the lowest rates in their category, starting at roughly 62% in 2005 before experiencing a slight dip to 57% by 2015.
Regarding the 55-64 age group, there was a marked upward trend across all education levels. Employment for the tertiary-educated elderly rose from 61% in 2005 to 66% in 2015. The most dramatic growth, however, occurred among those with below upper secondary education, where the employment rate surged from a mere 41% to 59% over the ten-year period, nearly closing the gap with the younger demographic in the same educational bracket.