Job Market Monitor
Youth Unemployment
Youth Unemployment | More severe in countries in which vocational preparation takes place in full-time schools
“Young graduates and early school leavers entering the labour market are a population at risk. They are exposed to above-average turnover rates between different jobs and face an increased risk of unemployment. “ write Marc Piopiunik and Paul Ryan in Improving the transition between education/training and the labour market: What can we learn from various … Continue reading
US Job Market – America’s Geriatric Work F(a)rce
There is the schism of America’s workforce since the NBER-defined official end of the recession in June 2009 into the “haves”, or those above 55, who have been able to get a job since the end of the recession, and the “have nots”, or all those in the labor force who have not been able to … Continue reading
Youth unemployment – The Telegraph and the Henry Jackson launching a competition with £10,000 prize
The level of unemployment now confronting those starting their working lives – as well as the deep headache it is giving policymakers – has prompted The Telegraph to partner with the Henry Jackson Initiative (HJI), an economic and public policy think tank. Today, we are together launching an essay competition complete with a £10,000 prize … Continue reading
South Africa – Youth unemployment running as high as 50%
South Africa may be the largest and most developed economy on the African continent, but the unemployment rate for younger people has been running as high as 50%, prompting a nationwide debate about schemes where companies get paid for taking on young workers. The extent of youth joblessness, and its associated poverty, is acknowledged to … Continue reading
UK – Job programme – Almost 1 in 2 employer is unaware
More than a year after the introduction of the government’s ambitious Work Programme, the CIPD warns today that it needs to build on the scheme’s early progress by increasing awareness and understanding of the scheme amongst employers. In a survey of more than 1,000 employers, drawn from all three main sectors of the economy, the … Continue reading
Europe Youth Unemployment and the EU Youth Strategy
Youth unemployment is rising steadily in the EU as the economic crisis in Europe deepens. The latest data reveals an EU-wide youth unemployment rate of 22.8 percent, up from 21.7 percent a year ago as those under 25 continue to lose their jobs to the economic slowdown… Click here to see each country’s unemployment stats … Continue reading
Canada – Youth unemployment outlook not so bleak says Certified General Accountants Association
Employment prospects for younger Canadians looking for work are not as dismal as widely believed, a report released by the Certified General Accountants Association of Canada today suggests. The report argues that the peak unemployment rate among those aged 15 to 24 peaked at 15.2 per cent during the latest recession, lower than the high … Continue reading
Canada – Underemployment, the real youth jobs crisis
Youth joblessness tends to garner all the headlines, but the more troubling trend may be the more hidden one: underemployment. A paper to be released Tuesday is urging more examination of the extent of youth underemployment in Canada and more research into the causes that are driving it. “Contrary to the highly visible issue of … Continue reading
Cyprus: Policies for youth unemployment
Job creation, smooth transition from school to work, open access to an inclusive labour market and EU solidarity in terms of funding are some of the main challenges EU and member states policy makers are faced with when it comes to successfully tackling youth unemployment. These were the key challenges outlined by head of the … Continue reading
14 million young people are NEET: not in employment, education or training
Some 14 million young people are not in employment, education or training across the EU as a whole. However rates vary widely from from around 5.5% of 15-24 year olds in the Netherlands to 22.7% in Italy. The economic cost of not integrating NEETs is estimated at over €150 billion, or 1.2% of GDP, in … Continue reading
No evidence working older persons reduces the job opportunities of younger persons
Between December 2007 and May 2010, the employment rate dropped by 6 percent for men ages 25-54, but less than 1 percent for workers age 55 and older. The pattern for women was equally dramatic: the employment rate dropped by 3 percent for younger women and actually increased by almost 1 percent for older women … Continue reading
Youth Unemployment – UK – Are vocational qualifications a better option than university ?
“In this economic climate, with such high rates of graduate unemployment, should school leavers give far greater consideration to vocational qualifications?” asks Jane Scott Paul in Are vocational qualifications a better option than university? on guardian.co.uk. “Sadly though, youth unemployment is hardly limited to unqualified school leavers: it now extends to many of Britain’s brightest … Continue reading
Europe – School Cuts Will Sacrifice the Future
When the European Students’ Union begins its biannual convention Wednesday in the Cypriot resort of Limassol, its leadership will be focusing on one issue: cutbacks in education. Governments in many countries in the European Union are cutting back so much on education that when the E.U. economy recovers, it will be difficult to sustain growth, … Continue reading
UK – Going to bad universities to study subjects no employers want – Martin Stephen
Dr Martin Stephen was High Master of St Paul’s from 2004 to 2011. He was previously High Master of Manchester Grammar School and headmaster of The Perse School. Surprised to hear that more than 20,000 graduates from the year of 2011 were still unemployed six months after they graduated? We shouldn’t be. This is a full-scale … Continue reading
Spain – The Unemployment Rate at record level and over 70% for Youth under 20
Second quarter of 2012 – Main results Employment fell by 15,900 people (-0.09%) The number of unemployed grows by 53,500 people and reached the figure of 5,693,100 The unemployment rate increased to 24.63% The participation rate rises to 60.08%. The Unemployment rate for youth under 20 is over 70% (Freely Translated and adapted by Job Market monitor) … Continue reading
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