High Unemployment Rate and Job Insecurity for Those Over 54

This phenomenon of higher unemployment among those over 54 years old in the Valencian Community highlights a widespread issue across various regions and countries, where population aging and labor market dynamics pose significant challenges for both older workers and social security systems. Traditionally, younger workers tended to face higher unemployment rates due to lack of experience, instability at the start of their careers, and the dynamics of entering and leaving the labor market. However, the trend shift in the Valencian Community, which has been ongoing for almost five years, suggests structural factors that negatively affect older workers. Among these factors are rapid technological evolution, which demands digital skills not all older workers have developed, the perception of obsolescence of skills acquired over the years,...