Job Market Monitor
Youth Unemployment
The number of young people out of work globally is nearly as big as the population of the United States
“YOUNG people ought not to be idle. It is very bad for them,” said Margaret Thatcher in 1984. She was right: there are few worse things that society can do to its young than to leave them in limbo. Those who start their careers on the dole are more likely to have lower wages and … Continue reading
Vocational education and training for social inclusion: a research project
VET schools and other VET centres of learning are ‘at the front-line’ when it comes to preventing young people from leaving school early and placing themselves ‘at risk’ of social exclusion. By providing high quality VET programmes and an environment that is conducive to learning, schools support young people to acquire valued qualifications that enable … Continue reading
There is no issue more important than Global Youth Unemployment
Last week, Secretary Kerry made his first speech as Secretary of State at the University of Virginia where he spoke about the importance of our foreign policy, especially for young people. He said “In countries across North Africa and the Middle East, the majority of people are younger than 30 years old. About half are … Continue reading
UE / Youth unemployment has been around long before the crisis
One of the more tragic outcomes of the euro crisis has been the gut-wrenchingly high youth unemployment rates. More than half of the young people in Greece and Spain are looking for work. “Europe is facing an often-cited “lost generation” which experiences long periods of unemployment or unstable jobs during their first working years, with … Continue reading
Solving youth unemployment – A winning essay
Max Kirby, who says there’s never been a better time to be young, has won £10,000 for penning his thoughts on ways to reduce unemployment. Here is his winning essay. One in five young adults in Britain is unemployed, more than twice the rate for the workforce as a whole. And (temporarily, I hope) I … Continue reading
EU / Youth Unemployment / A ‘lost generation’ fund
European Union leaders are expected to set aside more than 5 billion euros from the EU budget to tackle the bloc’s soaring and costly youth unemployment when they meet for a summit in Brussels on Thursday. The aim is to get to grips with the debilitating unemployment caused by the region’s debt and economic crisis. … Continue reading
Arab region / Youth unemployment highest in the world
Youth unemployment in the Arab region is the highest in the world, according to a report by the U.N. International Labour Organization (ILO) released on Tuesday. The investigative body stated that the Arab uprisings have exposed skewed development policies, social justice deficits and over twenty years of poorly managed economic liberalization. “As a region, youth … Continue reading
Euro Zone / Youth unemployment rose by 303 000 in a year, reaching 57.6% in Greece
The euro area (EA17) seasonally-adjusted unemployment rate was 11.7% in December 2012, stable compared with November. The EU27 unemployment rate was 10.7%, also stable compared with November. In both zones, rates have risen markedly compared with December 2011, when they were 10.7% and 10.0% respectively. These figures are published by Eurostat, the statistical office of the European Union. Eurostat … Continue reading
Canada / Youth unemployment to cost $23 billion
The rise in youth unemployment in Canada during the recent recession will cost Canadian youth $23.1 billion in lost wages over the next 18 years, according to a new report by TD Economics. The unemployment rate for Canadians aged 15-24 was 11 per cent in July of 2008, peaking at 16.4 per cent in July … Continue reading
The Cost of One Jobless Youth to Taxpayers: $14,000 a Year
America’s youth are suffering their worst employment drought since World War II. It doesn’t take a great leap of the imagination to understand why this is a crisis. The young and jobless earn less later in life. They lose the chance to build crucial career skills. They rely on government support. They’re more likely to … Continue reading
EU calls for youth guarantee schemes
EU member states should guarantee that young Europeans do not remain out of work or education for more than four months, according to a scheme unveiled Wednesday by the European Commission. However the cost of tackling youth unemployment would largely fall to the states, said EU Employment Commissioner Laszlo Andor, adding that “the costs of … Continue reading
Africa / AfDB-OECD Conference On Youth Employment in West Africa
The Government of Senegal hosted the West Africa Regional Conference on Youth Employment on Saturday, November 10 in Dakar. The one-day conference, co-organized by the African Development Bank and the OECD Development Centre, brought together West African Ministers, youth organizations, civil society and the private sector. The conference received the special attendance of H.E. Olusegun … Continue reading
India / Red zones / Bank job training for youths
The National Skill Development Corporation (NSDC) plans to train youth from Naxal-hit areas in basic accounting skills. The initiative is aimed at helping the youth find jobs with local banks, where operations often take a hit as few regular employees are willing to be posted in Red zones due to safety concerns. The NSDC, sources … Continue reading
NZ / Skills Gap / Rising generation out of jobs
As students look to next year, the Herald begins a week-long investigation into why so many are leaving school without the skills they need. Students James Aylett and Paige Tapara of Rosehill College already have ideas about the careers they’d like to follow. Photo / Natalie Slade A tragic mismatch of skills is shutting most … Continue reading
Egypt / New EU support for job creation and vocational training for young people
The European Commission has approved new programmes for Egypt, to support job creation for unskilled workers, and to enhance the efficiency of the Technical and Vocational Education Training (TVET) system to better respond to the demands of the labour market and to the country’s new socio-economic needs. The new support for job creation will provide … Continue reading
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