Job Market Monitor
Youth Unemployment
Covid and Youth Unemployment in UK – Delivering an ‘opportunity guarantee’
We are facing the worst jobs crisis in a generation – with young people (18–24) set to be hit particularly hard. Covid-19 is first and foremost a health crisis, but it has increasingly morphed into an economic one as well. However, this will be fundamentally different to the 2008–9 crisis. In particular, it will result … Continue reading
COVID and Global Labour Market – More than one in six young people out of work says ILO
More than one in six young people have stopped working since the onset of the COVID-19 pandemic while those who remain employed have seen their working hours cut by 23 per cent, says the International Labour Organization (ILO). According to the ILO Monitor: COVID-19 and the world of work. 4th edition , youth are being … Continue reading
How to Tell if a Recession is Coming – A measure that focuses on the unemployment rate
Experts from the Hamilton Project observe that two traditional methods of noting when recessions have started—waiting for an announcement from the National Bureau of Economic Research or observing GDP to decline over two consecutive quarters—“are appropriate for historical analysis but too slow to be useful for policy.” Instead, they explain a measure developed by economist … Continue reading
Unemployment in Europe, December 2018 – 7.9% in euro area and 3.365 million young persons
The euro area (EA19) seasonally-adjusted unemployment rate was 7.9% in December 2018, stable compared with November 2018 and down from 8.6% in December 2017. This remains the lowest rate recorded in the euro area since October 2008. The EU28 unemployment rate was 6.6% in December 2018, stable compared with November 2018 and down from 7.2% … Continue reading
US – “Now Jobs” for Young Adult
Years into the economic recovery, young adults still face difficulty connecting to the labor market. High unemployment is particularly a problem for young people of color. Many live in communities without a strong employment base, have attended low-performing schools, and lack connections to employed adults who can provide guidance and help them explore career interests, … Continue reading
Europe – Youth employment is still not back to its pre-crisis level
Ten years after the economic crisis, youth employment in Europe is still not back to its pre-crisis level. This is especially true for countries in southern and eastern Europe. The report looks at the development of youth labour markets in the EU countries. It identifies groups of young people disproportionately affected by the crisis and … Continue reading
Youth in Europe – Next generation still falls short of what it takes to age in prosperity
The reality faced by Europe’s next generation still falls short of what it takes to age in prosperity. First, many EU countries suffer from surprisingly large foundational skills gaps. Across half of the EU a fifth or more of 15-year-olds performed below proficiency in reading and mathematics in the 2015 Program for International Student Assessment … Continue reading
Youth Guarantee in Europe – Many member states facing challenges when meeting the objectives of early intervention and effective enforcement mechanisms
The European Youth Guarantee (YG) is one of the most innovative labour market policies of recent years. It arrived at a time when an urgent and radical response was needed to address the detrimental long-lasting consequences of long-term unemployment. This article examines empirical evidence on the effectiveness of past youth guarantee experiences, as well as … Continue reading
Youth Unemployment in UK – Transition to work is still inconsistent for many
To be a country that works for everyone, youth unemployment must be addressed. Consistent and engaging support for young people in school and as they transition through education and employment is key to reducing youth unemployment. This transition is still inconsistent for many young people across the UK. This report highlights the challenges that some … Continue reading
LMI for Young People in UK – The data that is available does not provide a useful enough breakdown
Where there is good data about young people targeted support can be put in place. Organisations that support young people use the national statistical data to design and target services for young people. However the data that is available does not provide a useful enough breakdown at a local level or for groups of young … Continue reading
Unemployed Youth in Europe – 50% are reluctant to change their place of residence for a job
50% of unemployed people aged 20-34 in the European Union (EU) are reluctant to change their place of residence for a job, 21% are ready to move for a job but only in the same country, whereas 12% would consider moving to another EU Member State. 17% would even be ready to move for a … Continue reading
Long-Term Youth Unemployment in Europe – The scarring effect
Young people are more affected than other age groups by long-term unemployment. While long-term youth unemployment is certainly not a new policy challenge for Europe, it now affects a wider range of young people than it ever did before, ranging from those with third-level degrees to the most disadvantaged young people. Eurofound’s new report on … Continue reading
Global Youth Unemployment – To rise slightly in 2017 with 21.8 per cent of young people neither in employment nor in education or training (NEET) ILO says
There has been a modest economic recovery, though youth unemployment remains high and employment quality a concern. The global economic outlook for 2017 and 2018 is positive and growth is projected to accelerate modestly due to moderate pickups in investment and trade, mainly led by advanced economies. However, job growth does not always accompany economic … Continue reading
Dual Apprenticeship in Germany – The employment advantage of youth reverses over time and disappears around age 50
Vocationally-trained workers with relatively narrow skills face a harsher labor market with time as the nature of production changes. The employment advantage of German youth with vocational as compared to general education reverses over time and disappears around age 50, according to a study I conducted along with an international team. At that point, even … Continue reading
Youth Unemployment in Canada – Always higher
However, participation rates are only one part of young people’s experience of the labour market. A second major factor is whether youth are able to find employment once they enter the workforce. The youth unemployment rate varied widely from 1946 to 2015. Relatively low until the mid-1950s, it climbed 5.9 percentage points from 1956 to … Continue reading
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