Job Market Monitor
Youth Unemployment
Youth Unemployment Around the World – A Chart
Take a look at the chart below from our partner Statsta. It’s a look at youth unemployment in selected areas of the world. In the Middle East, the jobless rate is nearly 30%–higher than the U.S. at the height of the Great Depression. Numbers like those point to the great unfulfilled promises of the Arab … Continue reading
Youth Unemployment in the Mideast
The numbers are striking: almost 28 percent of youth in the region are unemployed, according to the International Labor Organization. In addition, more than 50 percent of the Arab world is under 25 years old. Youth unemployment may be the biggest challenge facing the region, due to a demographic “youth bulge.” Surprisingly, a college education … Continue reading
SA – Youth unemployment has worsened since 2008
YOUTH unemployment deteriorated between 2008 and the first quarter of this year, and more young people have given up looking for work, Statistics SA’s youth labour market report showed on Monday. Of the approximately 19.7-million working-age youth (15 to 34 years), 9.8-million were not economically active, 6.2-million were employed, and 3.6-million were unemployed. The “not … Continue reading
Lost in the Battle over Greek Debt – Youth Unemployment Rate Above 50%
Lost in the battle over Greek debt and austerity is the fact that unemployment among people under 25 remains over 50%. At 50.1% in February, the last available data, even if Greece can pay its debt short term, an entire generation could contribute little to gross domestic product GDP and taxes. This is particularly concerning … Continue reading
Youth Unemployment in US – A National Tragedy says Senator Bernie Sanders of Vermont
Calling youth unemployment “a national tragedy,” Sen. Bernie Sanders (I-Vt.) today cited a new national study which found that unemployment among recent high school and college graduates is much worse than previously estimated. At Sanders’ request, the Economic Policy Institute analyzed census data on unemployment among young people who are jobless, working part-time when they … Continue reading
Youth Unemployment in Korea – An over 12-year high among those with no job experience
Unemployment among young South Koreans with no prior job experiences reached an over 12-year high last month, government data showed Tuesday, a sign of growing economic uncertainty that is affecting the labor market. There were some 95,000 people in their 20s and 30s who never held a job before and were not employed in April, … Continue reading
Youth Unemployment in US – Lessons from the US
With youth unemployment recently reaching all-time highs and in anticipation of further austerity measures in the UK, this report explores collaborative youth employment initiatives in eight US cities with distinctive labour market challenges to identify the factors that lead to effective intervention. Collaborative working in the field of youth employment support has taken a variety … Continue reading
UK – Youth unemployment and the legacy of austerity
A Youth Guarantee was adopted by the European Council in June 2013, based on successful schemes in Finland and Austria. Member States are encouraged to take an active role in securing the future of their young generations by engaging educational providers, employers, public authorities and trade unions to ensure that young people have the advice, … Continue reading
Youth Unemployment in Australia – The impacts of the Global Financial Crisis on
Australia was one of the few OECD countries to emerge from the Global Financial Crisis (GFC) without facing a recession, usually defined as negative GDP growth for two consecutive quarters. However, the (overall) unemployment rate did increase following the GFC and has still not returned to the pre-GFC levels. Unemployment rates for youths went up … Continue reading
Canada Job Report – Virtually unchanged on both fronts
Employment in December was virtually unchanged (-4,300), as gains in full-time work were offset by losses in part time. The unemployment rate remained at 6.6%. Employment gains in 2014 amounted to 186,000 (+1.0%), with increases in the second half of the year accounting for most of the growth. Compared with 12 months earlier, the total number of hours worked increased by 0.7%. Chart 1 … Continue reading
Youth and the Job Market – Lack of higher education in developing countries, over-education in advanced economies writes ILO
Youth with post-secondary education living in middle and low-income countries have a much higher chance of finding a decent job than those with only secondary or primary education, says a new ILO publication Is education the solution to decent work for youth in developing economies? . Building on the results of school-to-work transition surveys conducted in … Continue reading
Sweden – Youth Guarantee
This document describes how Sweden addresses and takes into account the Council recommendation of 22 April 2013 on establishing a Youth Guarantee. High youth unemployment is a challenge Sweden shares with most other EU Member States. Youth unemployment is in fact one of Sweden’s most important societal challenges. Many young people have difficulties entering the … Continue reading
Europe – Unemployment rate was 11.5% in October 2014, 21.6% for youth
The euro area (EA18) seasonally-adjusted unemployment rate was 11.5% in October 2014, stable compared with September 2014 , but down from 11.9% in October 2013. The EU28 unemployment rate was 10.0% in October 2014, also stable compared with September 2014 and down from 10.7% in October 2013. These figures are published by Eurostat, the statistical … Continue reading
Italian – Unemployment at record high and youth unemployment at 43.3 percent
Italy’s unemployment rate unexpectedly rose above 13 percent in October, setting a record as businesses refrain from hiring amid the country’s longest recession since World War II. The unemployment rate rose to 13.2 percent from a revised 12.9 percent the previous month, the Rome-based national statistics office Istat said in a preliminary report today. That’s … Continue reading
Youth in Canada – The bigger issue is underemployment says the Broadbent Institute
As of October, 2014, the youth unemployment rate was still 12.6%, well over double the adult rate, and the youth employment rate (the proportion of the age group 15 to 24 holding any kind of a job) was 56.5%, still down a full three percentage points from 2008. The bigger issue is underemployment. Far too … Continue reading
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