Job Market Monitor
Youth
Living with Parents in US – 18- to 34-year-olds more likely for the first time in more than 130 years
A recent Pew Research Center analysis of census data found that in 2014, for the first time in more than 130 years, 18- to 34-year-olds in the U.S. were more likely to be living in their parents’ home than with a spouse or partner in their own household. A closer analysis of the data helps … Continue reading
Youth in US – The employment rate for teens fell from 43 percent in 2000 to 26 percent in 2014. Why ?
The employment rate for teens fell from 43 percent in 2000 to 26 percent in 2014, and for young adults aged 20 to 24, it fell from 70 to 62 percent. These are big drops. In a new analysis, I take a deeper look at employment trends among young people. When employment rates are broken … Continue reading
NEETs in US – Three million young people are “disconnected”
Three million young people are neither in school nor working, finds a report released today by the Brookings Metropolitan Policy Program. These “disconnected youth” are primarily people of color. In some metros, black and Latino youth are up to six times more likely to be disconnected than young whites. The report, “Employment and disconnection among … Continue reading
Youth in UK – 47 per cent say that an academic education alone is not enough to secure a job
Youth unemployment is a blight on the lives of millions of young people across the UK and brings with it serious financial and social implications for productivity and growth. Every major economy preparing for the future will look to the next generation as the source of fresh ideas, innovation and entrepreneurship. But with 625,000 young … Continue reading
VET in Europe – Policies addressing early leaving from education and training
Conditions for policy learning and mainstreaming measures tackling early leaving Cedefop has identified five key conditions in measures and policies that have proved to be successful. The policy messages linked to each of these (highlighted in green below) were discussed with Member States representatives. Leadership and commitment over time A high level of commitment by … Continue reading
Youth in EU – The best educated ever yet, 8.7 million young people aged 15-29 are unemployed
The EU Youth Report reveals that generally young people are better educated than their predecessors and less young people drop out of school in the EU. Yet, 8.7 million young people aged 15-29 are unemployed, 13.7 million are not in employment, education or training (NEETs) and close to 27 million are at risk of poverty … Continue reading
A Fourth of Humanity Is Now Young – The vast majority live in the developing world
Much has been made of the challenges of aging societies. But it’s the youth bulge that stands to put greater pressure on the global economy, sow political unrest, spur mass migration and have profound consequences for everything from marriage to Internet access to the growth of cities. The parable of our time might well be: … Continue reading
Middle East’s youth unemployment – 27 million not in education, employment, or training
Unemployment across the Middle East and North Africa (Mena) region is expected to surge in the coming years as a combination of structural and cyclical factors is adversely impacting job creation in both oil-exporting and oil-importing countries. According to a recent report ‘Re-Dynamising the Job Machine: Technology-Driven Transformation of Labor Markets in MENA’, produced jointly … Continue reading
Youth Labour Force Participation in Canada – The first significant, prolonged decline since the early 1990s
The labour force participation rate of 15- to 24-year-olds (the percentage who are employed or seeking employment) declined from 67.3% in 2008 to 64.2% in 2014, reflecting a 3.8-percentage-point drop from 2008 to 2012 followed by a slight increase (Chart 1). The decline was particularly pronounced among youth aged 15 to 19, whose participation rate fell … Continue reading
Youth Unemployment in Australia – The impacts of the Global Financial Crisis on
Australia was one of the few OECD countries to emerge from the Global Financial Crisis (GFC) without facing a recession, usually defined as negative GDP growth for two consecutive quarters. However, the (overall) unemployment rate did increase following the GFC and has still not returned to the pre-GFC levels. Unemployment rates for youths went up … Continue reading
Youth in US – Uncertainty about job outcomes is a barrier to enrollment in postsecondary education FED finds
In 2013, the Federal Reserve Board’s Division of Consumer and Community Affairs began exploring the experiences and expectations of young Americans entering the labor market. Staff reviewed existing research and engaged external research and policy experts to identify the potential economic implications of these labor market trends on young workers. This initial exploration raised several … Continue reading
Youth and the Job Market – Lack of higher education in developing countries, over-education in advanced economies writes ILO
Youth with post-secondary education living in middle and low-income countries have a much higher chance of finding a decent job than those with only secondary or primary education, says a new ILO publication Is education the solution to decent work for youth in developing economies? . Building on the results of school-to-work transition surveys conducted in … Continue reading
World Population – Adolescents, youth and the transformation of the future: the Power of 1.8 Billion
Young people matter. They matter because an unprecedented 1.8 billion youth are alive today, and because they are the shapers and leaders of our global future. They matter because they have inherent human rights that must be fulfilled. Yet, in a world of adult concerns, young people are often overlooked. This tendency cries out for … Continue reading
Canada – Youth heading west
It’s no news that young skilled workers are flocking to the Western provinces in search of opportunities. But a new study found a link between high employment rates and private sector investment. The report by the Fraser Institute says that jobs are booming in Alberta and Saskatchewan, while Quebec, Ontario and Atlantic provinces are losing young … Continue reading
Youth in Canada – The bigger issue is underemployment says the Broadbent Institute
As of October, 2014, the youth unemployment rate was still 12.6%, well over double the adult rate, and the youth employment rate (the proportion of the age group 15 to 24 holding any kind of a job) was 56.5%, still down a full three percentage points from 2008. The bigger issue is underemployment. Far too … Continue reading
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