Job Market Monitor
Youth Unemployment
Youth Unemployment in UK – Rethink the way European funding is used says a House of Lords report
Youth unemployment has left “a generation scarred”, according to a House of Lords report out today. With the rate of young jobless in the EU still at nearly double its pre-crisis level, and the UK experiencing exceptionally high levels of unemployment, the report calls on the Government to rethink the way it uses European funding. … Continue reading
Youth Unemployment In Europe – A misdiagnosis
The EU underestimated just how big an impact the austerity measures would have on the economies of the member states. Europe’s economy remains relatively closed, which means that countries rely on trade with each other, so when countries all start to tighten fiscal policies at the same time, the impact is multiplied. Not surprisingly the … Continue reading
Korea – Youth unemployment blues
Key economic indicators seem to point toward Korea making a solid recovery. The country’s output has been growing thanks to exports. Its consumer spending has picked up on the back of growing welfare financing by the government. Still, Asia’s fourth-largest economy is finding it hard to create jobs for college graduates, even while they pull … Continue reading
Europe – Priorities to tackle youth unemployment
Young people face more difficulties in the labour market, especially if they are low skilled, exposed to long-term unemployment or stuck in the informal economy, where work is low paid and unprotected. In June 2012, representatives of governments and employers’ and workers’ organizations from all over the world met at the International Labour Organization (ILO) … Continue reading
EU – The Youth Unemployment Puzzle (Infographic)
Youth Unemployment: Mind the Gap – EU’s Unemployment Puzzle Infographic – Blogs – IIEA – The Institute of International and European Affairs. Related articles OECD / Europe’s youth is explosive issue, not deflation Youth unemployment in Europe / It could prolong the crisis says Christine Lagarde says Youth unemployment in Europe / An IPPR report … Continue reading
Over half of young people say that they don’t have skills for basic tasks finds LifeSkills Youth Barometer
Findings from the LifeSkills Youth Barometer released today reveal that more than half (54%) of 14-25 years olds feel they don’t have the practical skills they need to find a job at entry level. A quarter (24%) of young people say they receive no careers education, while one in three (30%) felt they were not … Continue reading
East Asia Rising Pool of Unemployed Grads / Are there too many ?
Fast growing East Asian economies have rapidly increased the numbers of students attending university in recent years. Now the pool of unemployed graduates is rising to worrying levels in the region generally – and even in some high-growth economies. Of particular concern is whether high graduate unemployment is a temporary blip or reflects a chronic … Continue reading
Europe / 31.2 million people of all ages are either looking for jobs, willing to do so
Euro-area data this week will probably show the region ended 2013 with a record jobless rate that reveals only part of the social legacy of the debt crisis. While economists predict unemployment in December stayed at an all-time high of 12.1 percent, with about 19 million jobless, that tally excludes legions of adults who would … Continue reading
(Update) Labour on Welfare in UK / Rachel Reeves’s first major speech (video)
“A Labour government will introduce a Basic Skills Test to assess all new claimants for Job Seekers Allowance within six weeks of claiming benefits. Those who dont have the skills they need for a job will have to take up training alongside their jobsearch or lose their benefits. Labours Basic Skills Test will give the long-term unemployed a better chance of finding a job and will help us to earn our way out of the cost-of-living crisis.” Continue reading
OECD / Europe’s youth is explosive issue, not deflation
“The problem is jobs, jobs, jobs,” Gurria said in an interview with Bloomberg Television from Davos, Switzerland Continue reading
Youth Unemployment / The hardest hit by the global crisis says ILO
The world could face years of jobless economic recovery, with young people set to be hit hardest as global unemployment continues to rise this year, a report from the International Labour Organisation warns. As the World Economic Forum kicks off in the Swiss town of Davos on Wednesday with a focus on growing inequality, the … Continue reading
Labour on Welfare in UK / Make benefit claimants take skills tests and training
A Labour government will introduce a Basic Skills Test to assess all new claimants for Job Seekers Allowance within six weeks of claiming benefits. Those who dont have the skills they need for a job will have to take up training alongside their jobsearch or lose their benefits Continue reading
US / The youth unemployment crisis
Decades of economic data on youth joblessness shows that: 1) lack of work early in an individual’s career leads to lower future wages; and 2) entering the job market during a recession scales up individual challenges to entire generations. The data is as solid as it is disturbing Continue reading
Youth unemployment in Europe / It could prolong the crisis says Christine Lagarde says
Christine Lagarde, the managing director of the International Monetary Fund, has warned that long-term prospects for growth in the eurozone look bleak unless politicians act urgently to stoke domestic demand and tackle youth unemployment. After months of relative calm in financial markets, and with Ireland due to end its painful bailout programme and end its … Continue reading
Youth unemployment in Nigeria / The Federal Government must declare emergency
The Chairman, Senate Committee on Environment and Ecology, Dr. Bukola Saraki, on Monday urged the Federal Government to declare a state of emergency on youths’ unemployment to address youth restiveness and enhance peaceful co-existence in Nigeria. He spoke in Ilorin at a one day technical youth summit for unemployed youths in Kwara State titled ‘Youths … Continue reading
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