Larry Hatheway, Managing Director and Head of Global Asset Allocation, UBS Investment Bank, noted earlier this month that high levels of youth unemployment were “clearly undesirable” and policy priorities in the euro zone should shift the focus from managing the debt crisis to address joblessness.
“Youth unemployment rates probably understate the true level of joblessness among the young, as discouraged workers leave the labor force or accept jobs with shorter-than-desired working hours,” Hatheway wrote.
He said that high levels of joblessness among the young were not unusual in Europe, with the jobless rate of the young in Europe or the U.S. consistently twice the overall unemployment rate…
Source:
via Will 50% Unemployment Leave Europe’s Young Scarred? – Europe Business News – CNBC.
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