Job Market Monitor
Youth
A Generation War ?
“The recession didn’t gut the prospects of American young people. The Baby Boomers took care of that” writes Stephen Marche on esquire.com. Twenty-five years ago young Americans had a chance. In 1984, American breadwinners who were sixty-five and over made ten times as much as those under thirty-five. The year Obama took office, older Americans … Continue reading
European unemployment | Highest in 14 years and Youth Hit Hardest
“European unemployment increased to the highest in more than 14 years in February as companies from Spain to Italy eliminated jobs to weather the region’s crisis” writes Bloomberg. The euro area (EA17) seasonally-adjusted unemployment rate was 10.8% in February 2012, compared with 10.7% in January. It was 10.0% in February 2011. The EU27 unemployment rate was 10.2% in February 2012, compared with 10.1% in January. It … Continue reading
U.S. | Only 56 percent of college students complete four-year degrees within six years
“The American system for preparing young people to lead productive and prosperous lives as adults is clearly badly broken” according to the Pathways to Prosperity study by the in 20 Harvard Graduate School of Education. Only 56 percent of college students complete four-year degrees within six years. Only 29 percent of those who start two-year degrees finish them within three … Continue reading
Unpaid Work | Welfare reforms | Won’t Work
AS ANY middle-class parent knows, unpaid work experience can give youngsters a valuable introduction to a secure job. The coalition government has recognised it too, scrapping rules in 2011 that had formerly stopped 16- to 24-year-olds from doing unpaid work while claiming unemployment benefit. But moving from that to forcing them to work gratis in … Continue reading
UK | The Trouble With Apprenticeship – Do You Remember The Wolf Report ?
Apprenticeships face ‘identity crisis’, according to Forum of Private Business writes HR Magazine The Forum of Private Business yesterday warned a group of MPs that apprenticeships are facing an ‘identity crisis’, with business owners in certain sectors concerned that shorter schemes do not provide the same value as longer courses. The Forum’s senior policy adviser Alex … Continue reading
Europe | Unemployment rises to record 10.7% in Euro Zone and above 20% for Youth and in Spain
Europe’s leaders travel to Brussels on Thursday, hoping to chart the continent’s way back to growth as figures show unemployment in the 17-country eurozone has spiked to its highest level since the euro was established in 1999. While the two-day summit is for once taking place amid relative calm on financial markets, Europe’s population is … Continue reading
Youth Tough labor market | Economic Policy Institute
As we approach graduation season, it’s important to note the uphill battle young job seekers continue to face in today’s labor market. The unemployment rate for workers under the age of 25 has improved to 16.0 percent since its peak of 19.6 percent in the spring of 2010, but, excluding the Great Recession and its … Continue reading
Careers staff job cuts unacceptable in face of youth unemployment crisis – UNISON | Deadline News
UNISON Scotland has called for direct Scottish Government intervention to stop over 100 jobs being cut at careers agency Skills Development Scotland (SDS) in the face of a mounting youth unemployment crisis. The union has reacted with shock and anger to the announcement of over 100 redundancies in the frontline Skills Development Scotland workforce. At … Continue reading
Australia : Enhancing the retention of young people to Year 12, especially through vocational skills
In late 2008, the Australian College of Educators (ACE) commissioned the Work-based Education Research Centre at Victoria University to undertake a research project entitled Enhancing retention of young people to year 12, especially through vocational skills. The broad aim of the project was to examine the factors that contribute to the retention, completion and transition … Continue reading
Young, Underemployed and Optimistic – Pew Research Center
A plurality of the American public believe that young adults are having the toughest time of any age group in today’s economy — and a lopsided majority says it’s more difficult for today’s young adults than it was for their parents’ generation to pay for college, find a job, buy a home or save for … Continue reading
UK | CIPD calls for end to row over ‘unpaid’ work experience | 24 February 2012 | Stock Market Wire
The Chartered Institute of Personnel and Development (CIPD) is warning that recent headlines, which associate voluntary unpaid work experience with slave labour, are in danger of discouraging employers from offering placements and denying young people a route into permanent employment. Good quality work experience provides an invaluable way for young people to build key skills … Continue reading
UK | NEETs | Almost 1m young people not in education, employment or training
Almost 1 million young people are not in school, work or training, according to official figures which underline the extent to which the economic slowdown is hurting school-leavers. One in six 16- to 24-year-olds was a “neet” (not in education, employment or training) in the last three months of 2011, according to statistics published by … Continue reading
Jobs for the young – FT.com
With youth unemployment standing at a near-record 22 per cent in the UK, talk of a “lost generation” is growing ever louder. Policymakers are right to be concerned. Of course, the fact that the young are struggling to find work is largely a question of demand. The economic environment is making businesses wary of hiring … Continue reading
Factcheck: Does frequent youth unemployment negatively affect your wages later in life? | Full Fact
Today the Department for Education claimed that, by the age of 42, a young person who experiences frequent unemployment can expect to earn 12-15 per cent less than average. Is this right? “By the age of 42, someone who had frequent periods of unemployment in their teens is likely to earn 12-15 per cent less … Continue reading
Towards fairness and equality for young workers: youth wages and minimum shift lengths | Australian Policy Online
This paper addresses the question of how effectively youth wages and reduced minimum shift lengths promote fairness and equality. It focuses on the majority of young workers employed on a casual or part-time basis in the retail, hospitality and fast food industries under the General Retail Industry Award 20105 (‘Retail Award’), the Hospitality Industry (General) … Continue reading
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