Job Market Monitor
Youth
US / Half of college grads are overqualified for their current job
Then last week Susan Adams received a report from consulting firm McKinsey, done together with student website Chegg, which is making that pit in my stomach deeper. In October and November of last year McKinsey surveyed 4,900 former Chegg customers, a mix of young people who went to private, public, vocational and for-profit institutions. The findings … 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
Bullying Statistics / Before workplace bullying
Statistics on bullying collated from government reports and research. 38% of young people have been affected by cyber-bullying. 31,599 children called ChildLine in 2011/12 about bullying. Almost half (46%) of children and young people say they have been bullied at school at some point in their lives. 38% of disabled children worried about being bullied. … 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
Spain and Germany sign an agreement to provide vocational training
Germany signed up on Tuesday to provide vocational training and jobs for young Spaniards starved of opportunities in their crisis-hit home country, ministers said. “Each year nearly 5,000 young Spaniards will be able to benefit from vocational opportunities or even from stable and skilled jobs in Germany,” Spain’s Employment Minister Fatima Banez said after signing … Continue reading
US / Youth Unemployment Will Cost $18 Billion Over The Next Decade
America has a youth unemployment problem, and it’s not just the kids who are suffering. The nation is poised to lose $18 billion in wages over the next decade due to high youth unemployment, according to a Bloomberg Brief from Bloomberg Senior Economist Joseph Brusuelas. Brusuelas estimated that about 1.3 million 16- to 24-year-olds have … 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
UK / The 18-24’s Job Gap: 395,000 jobs finds TUC research
People aged 18-24 are far less likely to be in work today than before the recession and 395,000 more jobs are needed before youth unemployment rates return to their 2008 level, according to research by the Trade Union Congress (TUC). The research has been published ahead of the latest employment figures tomorrow, which are expected … 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
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
Young American / Where the Jobs Are and Aren’t
In three regions – the upper Midwest, New England and the area around Washington – the job market for younger adults is considerably stronger than in the rest of the country. These three regions are the closest thing to an exception to the trend I described in a Sunday column: the sharp decline in employment … Continue reading
US / Employment for 20 to 34-year-olds fell more than than among all workers over age 35 combined
Demos investigated the Bureau of Labor Statistics data for young adults in 2012 in order to see how the experience of young people today affects their prospects for tomorrow. We found that last year passed with no significant gains for young people, who continue to endure a jobs crisis even as the economy recovers. The … Continue reading
India / Youth hit by the Jobs Gap
“There are just no jobs in the market,” says Manjunath (26), who works as a carpentry apprentice in Shivajinagar. After completing his polytechnic diploma, he attended a dozen job fairs. “They take your contact details, put you through a lot of paperwork, and in the end there is nothing,” he says, adding that the only … 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
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