Job Market Monitor
Youth Unemployment
Employment in the Arab World – The demographic “youth bulge” represents one of the greatest opportunities, as well as one of the greatest challenges
The demographic “youth bulge” represents one of the greatest opportunities, as well as one of the greatest challenges, faced by the Arab World. With more than half of its population under 25 years old and the world’s highest regional youth unemployment rate, the Middle East and North Africa region stands at a critical juncture. This … Continue reading
Youth Unemployment in Indonesia – 22% of the 15-24 years
Youth unemployment in Indonesia is alarmingly high – 22% of Indonesians between 15 and 24 years old cannot find a job. There is pressure on the newly installed Widodo government to provide more jobs for youths in labour-intensive sectors. Vocational school students in Indonesia play an important role in providing growth in the country’s manufacturing … Continue reading
Australia – Investigations on The Labour Force estimates
This statement provides background information on issues identified in seasonally adjusted labour force estimates over the period July-September 2014, on the investigations undertaken to understand these issues and the proposed approach for the release of the October 2014 labour force estimates on 6 November 2014. The key points are: The ABS took the unusual step … Continue reading
Youth Unemployment in Jamaica – At 34.1 per cent in July 2014.
The Statistical Institute of Jamaica (STATIN) is reporting an 11 per cent decline in the unemployment rate for July compared with the similar period last year. In its July 2014 Labour Force Survey, STATIN says there were 179,000 unemployed persons in the country compared to 201,600 in July 2013. Unemployment among youth age 14-24 was … Continue reading
Universities in Denmark – Cutting thousands of positions within faculties that don’t lead to work
Denmark is addressing youth unemployment by revolutionising the university system. It is cuttingthousands of positions within faculties that don’t lead to work, starting from humanities and social science courses, which will be first in line for the chop. There are currently 15,000 Danish students enrolled on courses with poor employment prospects. The government wants to … Continue reading
US – Disentangling poverty and unemployment
Historically, the poverty rate has moved with the unemployment rate. Since 1970, in fact, the official poverty rate has spiked during each recession. Intuitively, this makes sense—if you lose your job, then you lose access to a steady stream of income. When you find a new job—as people are wont to do in the recovery … Continue reading
Youth Unemployment – The Microsoft YouthSpark initiative
When we launched Microsoft YouthSpark in 2012, we set out to create education, employment and entrepreneurship opportunities for 300 million young people over the course of three years. Working together with governments, businesses and more than 350 youth-serving nonprofit organizations, after two years we have created opportunities for 227 million young people in more than … Continue reading
Youth Job Guarantee in India – Improving over time
While politicians in the advanced economies think it is a clever strategy to deliberately create poverty via unemployment, there are now several countries which have implemented direct job creation schemes to counter the major problems associated with persistent unemployment. For example, the Argentinean government introduced the Jefes de Hogar (Head of Households) program in 2001 … Continue reading
Youth unemployment in Australia – The Brotherhood of St Laurence has just released a new report
The Brotherhood of St Laurence has today released a new report on the growing scourge of youth unemployment and underemployment in Australia, which is at the worst level since records began in 1978, with more than 580,000 Australians aged 15 to 24 either under-employed or unemployed: Today, young people are more likely to be underemployed … Continue reading
Youth unemployment – Education not providing young people with appropriate skills says Pauline Rose
[Youth unemployment] main cause is that education systems are not providing young people withappropriate skills and this starts at the most basic level. Our 2012 report shows that there are 200m young people who weren’t even completing primary school. Our current report states that 175m young people can’t even read a single sentence, of those … Continue reading
Italy – Youth unemployment rate (aged 15-24) was 43.7% in June
In June 2014 22.398 million persons were employed, +0.2% compared with May 2014. Unemployed were 3.153 million, -2.4% with respect to the previous month. Employment rate was 55.7%, +0.2 percentage points with respect to May 2014, unemployment rate was 12.3%, -0.3 percentage points over the previous month, and inactivity rate was 36.3%, unchanged over May. … Continue reading
Youth Unemployment – Current high levels will be felt by society for decades
It is clear that youth unemployment leads to many negative outcomes in terms of both material and mental wellbeing. Here, Ronald McQuaid summarises the multiple scarring effects of youth unemployment. Current high levels of youth unemployment will therefore be felt by society for decades, making effective policy responses incredibly important. Being unemployed when young leads to a higher likelihood … Continue reading
Youth Unemployment Around the World
Young people aged 15-24 are a key consumer group, which have been badly hit by unemployment in most countries since the start of the global economic downturn in 2008 and the profits of many consumer goods companies have been hit as a result. Western Europe had the highest average youth unemployment rate in 2013 at … Continue reading
The EU priority to youth unemployment – Only France had received an approval
A Youth Guarantee scheme, inspired by the national scheme in Finland, will be introduced by each EU country according to its individual need. It will apply to young people who are out of work for more than four months. It aims to give them a real chance to further their education, or get a job, apprenticeship … Continue reading
US – The Employment Situation in June as seen by The White House
KEY POINTS IN TODAY’S REPORT FROM THE BUREAU OF LABOR STATISTICS 1. The private sector has added 9.7 million jobs over 52 straight months of job growth. Today we learned that total nonfarm payroll employment rose by 288,000 in June, mainly reflecting a 262,000 increase in private employment, which is above the 203,000 per month … Continue reading
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