Job Market Monitor
Youth Unemployment
Sweden / Action on Youth Unemployment called for
Youth unemployment rates in the eurozone and the EU are now 24 per cent. Young people have a higher propensity for civil unrest than older people. The big surprise actually is that the young have been so compliant. It is surprising that social disorder has not occurred on a much greater scale than it has … Continue reading
(Update ) EU Youth Unemployment / Germany and France meet today
Germany sees revolution if welfare model scrapped German Finance Minister Wolfgang Schaeuble warned on Tuesday that failure to win the battle against youth unemployment could tear Europe apart, while abandoning the continent’s welfare model in favour of tougher U.S. standards would cause “revolution”. Germany, along with France and Italy, backed urgent action to rescue a … Continue reading
What is the EU doing to tackle youth unemployment?
From the Memo The July 2012 country-specific recommendations sought to ensure that youth employment remains high on the policy agenda of all Member States where youth unemployment rates are particularly dramatic. The European Commission proposed in December 2012 a Youth Employment Package to help Member States specifically tackle youth unemployment and social exclusion by giving … Continue reading
EU Youth Unemployment / Germany and France meet today
As Germany and France meet today (28 May) over a joint youth employment initiative, EU officials have rebuffed as “groundless” and “dangerous” criticism from the German finance minister that the Commission is failing to address joblessness, EurActiv Germany reports. Ministers from both countries will unveil in Paris the initiative blueprint and allow the European Investment … Continue reading
Scotland / About 70% of young people involved in a programme have moved into jobs or further education
About 70% of young people involved in an employment skills programme have moved into jobs or further education, according to the Scottish government. The Activity Agreement scheme sees vulnerable 16 to 19-year-olds sign up to activities and qualifications that could improve their job prospects. More than 2,600 young people from across all 32 council areas … Continue reading
Spain / Only 22% of 16-24 year olds are unemployed writes Carmen González Enríquez, not 55%
A common notion circulating inside and outside Spain is that over half of young Spaniards (aged 16-24) are unemployed –a ‘fact’ which furthers the image of deep crisis in Spain. The world’s most prestigious media report on such youth unemployment with alarm, contributing to this new ‘Black Legend’ of Spanish failure. The truth, however, is … Continue reading
Germany / To Help Spain, Portugal and Greece and Greece on youth unemployment
The German government on Wednesday (22 May) announced a series of conferences and bilateral programmes to help youngsters from Spain, Portugal and Greece find a job, as regional statistics show 17 times more unemployed youngsters in northern Greece compared to Bavaria. According to the EU’s statistical office Eurostat, youth unemployment in the northern-Greek region of … Continue reading
Europe / Fighting Youth Unemployment, a Priority ?
Four years ago — that was before the euro crisis began. Since then, the Greek government has approved a series of austerity programs, which have been especially hard on young people. The unemployment rate among Greeks under 25 has been above 50 percent for months. The situation is similarly dramatic in Spain, Portugal and Italy. … Continue reading
UK / How to put young people back to work
We need to put young people back to work. The coalition’s wage incentive scheme aimed to do this, but the early evidence suggests that it is actually doing very little to create new jobs, with only 9 per cent of employers creating vacancies as a direct result of the scheme. Instead, we should adopt a … Continue reading
It’s unemployment that will haunt our children, not the deficit
And it’s not just the jobless who have suffered over the past five years: the ILO suggests that a far larger number of young people have found themselves stuck in temporary work or part-time, insecure employment. That lack of financial security makes it harder to think about settling down, starting a family, planning for the … Continue reading
Only Austria, Germany, Japan, the Netherlands, Norway and Switzerland have youth unemployment rates below 10 percent
Low wages and a lack of available jobs are plaguing the EUs young and educated. Greece’s 15-24 year olds are facing unprecedented levels of unemployment, while Portugal is witnessing a mass exodus as endemic joblessness drives its youth abroad. The UN labor office predicts a global rise in unemployment of 12.8 percent by 2018. Across … Continue reading
It is not easy to be young in the labour market today and skills mismatch is not helping them says ILO
The global youth unemployment rate, which had decreased from 12.7 per cent in 2009 to 12.3 per cent in 2011, increased again to 12.4 per cent in 2012, and has continued to grow to 12.6 per cent in 2013. This is 1.1 percentage points above the pre‐crisis level in 2007 (11.5 per cent). By 2018 … Continue reading
US / Surpassing much of Europe in youth unemployment
The United States has quietly surpassed much of Europe in the percentage of young adults without jobs. It’s not just Europe, either. Over the last 12 years, the United States has gone from having the highest share of employed 25- to 34-year-olds among large, wealthy economies to having among the lowest. The grim shift — … Continue reading
Europe / Barroso calls for ‘ambitious’ youth jobs plan
European Commission president Jose Manuel Barroso on Thursday urged Europe’s leaders to come up with an “ambitious” jobs plan for youth at a June summit, as he held talks with new Italian premier Enrico Letta. Winding up a tour that has taken him to Berlin, Paris and Brussels to present his economic recipe for Italy, … Continue reading
Sri Lanka / Youth unemployment one of the highest in the world, especially for young females
The World Bank’s flagship report World Development Report 2013 highlights the burning issue of youth employment in Sri Lanka, especially among females. Jesko Hentschel, Co-Author and Deputy Director of the World Development Report 2013: Jobs said, “One of the biggest challenges facing Sri Lanka is to improve women’s employment opportunities, especially for the young female … Continue reading
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