Young people aged 15-24 are a key consumer group, which have been badly hit by unemployment in most countries since the start of the global economic downturn in 2008 and the profits of many consumer goods companies have been hit as a result. Western Europe had the highest average youth unemployment rate in 2013 at 21.7% of the economically active population aged 15-24. Yet many emerging markets like South Africa and Chile saw their youth unemployment rates decline from 2008-2013.
Chosen excerpts by Job Market Monitor. Read the whole story at Where is Youth Unemployment Rising and Falling Globally? – Analyst Insight from Euromonitor International.
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