Job Market Monitor
Youth Unemployment
Youth Guarantee in Europe – 14 Million young people have entered since January 2014
Since 2013, the Union and its Member States have engaged in an ambitious strategy to reduce youth unemployment. Following a proposal from the Commission, all Member States adhered to the establishment of a Youth Guarantee, which is a political commitment, in the form of a Council recommendation of April 2013, to give every young person … Continue reading
Unemployment in Europe – 9.6% in December 2016 in the euro area with 4.219 million young persons
The euro area (EA19) seasonally-adjusted unemployment rate was 9.6% in December 2016, down from 9.7% in November 2016 and down from 10.5% in December 2015. This is the lowest rate recorded in the euro area since May 2009. The EU28 unemployment rate was 8.2% in December 2016, stable compared to November 2016 and down from … Continue reading
Unemployment in Europe in October 2016 : 9.8% (Euro Area), 4.169 million young persons (EU28)
The euro area (EA19) seasonally-adjusted unemployment rate was 9.8% in October 2016, down from 9.9% in September 2016 and from 10.6% in October 2015. This is the lowest rate recorded in the euro area since July 2009. The EU28 unemployment rate was 8.3% in October 2016, down from 8.4% in September 2016 and from 9.1% … Continue reading
Work-Based Learning for Youth in US – Promising practices
This paper examines four different youth work-based learning strategies, each targeting different youth populations and industry sectors, and identifies key elements of these programs’ success, challenges each has needed to address, and policy recommendations to address these challenges. Why work-based learning Well-designed work-based learning opportunities provide youth participants with occupational and work readiness training while … Continue reading
Canada – Job churn a new reality for young workers
The unemployment rate for young workers has always been higher than the national average. The latest data show the youth jobless rate at about 13 per cent, nearly double the national level. The labour participation rate for youth is 63 per cent, compared with nearly 90 per cent for prime working age employees. Chosen excerpts … Continue reading
Unemployment in EU, September 2016 – 10.0%, down from 10.6% in a year with 4.125 million young persons out of job
The euro area (EA19) seasonally-adjusted unemployment rate was 10.0% in September 2016, stable compared to August 2016 and down from 10.6% in September 2015. This is the lowest rate recorded in the euro area since June 2011. The EU28 unemployment rate was 8.5% in September 2016, stable compared to August 2016 and down from 9.2% … Continue reading
Youth – One in ten jobs have been destroyed since 2007 OECD finds
Fifteen percent of the OECD youth population were not in employment, education or training (NEET) in 2015 – about 40 million young people. More than two-thirds of them were not actively looking for work. The total gross income that could have been generated by NEETs in 2014 is estimated to have been between USD 360-605 … Continue reading
Youth Unemployment Is on the Rise – 20 per cent were willing to move permanently to another country.
In a climate of renewed concerns about global economic growth, youth unemployment is on the rise after several years of improvement… Global economic growth in 2016 is estimated to stand at 3.2 per cent, 0.4 percentage points lower than the gure predicted in late 2015. The downward revision is a result of recessions that were … Continue reading
Youth Unemployment – A systematic review of what improve labour market outcomes
This systematic review investigates the impact of training and skills development, entrepreneurship promotion, employment services, and subsidised employment interventions on the labour market outcomes of young women and men. The systematic and meta-analysis is based on evidence from 113 counterfactual-based impact evaluations of 107 active labour market programmes in 31 low-, middle- and high-income countries. … Continue reading
Egypt – The problem of youth unemployment particularly affects university graduates
Put simply, youth unemployment is an issue that the Egyptian government must deal with urgently, undertaking immediate reforms and directing its full resources toward addressing it. It is unlikely that reforms will solve the issue right away, but if the government’s focus does not fully shift toward dealing with the problem, it and future governments … Continue reading
Unemployment in the Euro Area – 10.1% in June 2016, 20.8% for youth
The euro area (EA19) seasonally-adjusted unemployment rate was 10.1% in June 2016, stable compared to May 2016 and down from 11.0% in June 2015. This remains the lowest rate recorded in the euro area since July 2011. The EU28 unemployment rate was 8.6% in June 2016, stable compared to May 2016 and down from 9.5% … Continue reading
NEETs in US – Three million young people are “disconnected”
Three million young people are neither in school nor working, finds a report released today by the Brookings Metropolitan Policy Program. These “disconnected youth” are primarily people of color. In some metros, black and Latino youth are up to six times more likely to be disconnected than young whites. The report, “Employment and disconnection among … Continue reading
Youth in UK – 47 per cent say that an academic education alone is not enough to secure a job
Youth unemployment is a blight on the lives of millions of young people across the UK and brings with it serious financial and social implications for productivity and growth. Every major economy preparing for the future will look to the next generation as the source of fresh ideas, innovation and entrepreneurship. But with 625,000 young … Continue reading
Youth Work Programmes across the EU – Valuable work skills such as responsibility, reliability, planning, problem solving and managing (but also entrepreneurial skills) can be gained
The expert group examined a wide range of initiatives involving youth work, across the EU, to support and promote the employability of young people. In doing so this report provides an insight and guidance for all those working with young people as to how the application of youth work principles and practice can support their … Continue reading
Wage Subsidies for Young People – Payroll tax reductions have moderate positive effect, targeted generous and long-lasting hiring subsidies can
Wage and hiring subsidy programmes have been part of the toolbox of Active Labour Market Programmes (ALMPs) for more than 30 years; the recent economic crisis has had a particularly detrimental effect on the labour market situation of youth and a number of European countries have introduced hiring subsidies as a means of fighting youth … Continue reading
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