Job Market Monitor
Youth
Labor force participation among young moms and dads in US – Mothers are working a greater portion of the year
Over the past four decades, the labor force has changed dramatically. Women’s labor market participation rates have risen, and women are increasingly working throughout their adult lives. One consequence of these changes is that men’s and women’s roles have been converging, with men taking a more active role at home, doing a greater share of … Continue reading
Employment in the Arab World – The demographic “youth bulge” represents one of the greatest opportunities, as well as one of the greatest challenges
The demographic “youth bulge” represents one of the greatest opportunities, as well as one of the greatest challenges, faced by the Arab World. With more than half of its population under 25 years old and the world’s highest regional youth unemployment rate, the Middle East and North Africa region stands at a critical juncture. This … Continue reading
Delayed Retirement – 34% of workers under 40 believe it is restricting their career opportunities Towers Watson finds
Retirement patterns are changing in the U.S. and in many other countries as well. During the mid-to-late 20th century, labor force participation rates dropped for older workers and rose for younger ones. These trends have recently reversed, especially among men and younger workers. The reversal is expected to continue, according to Towers Watson’s 2013/2014 Global … Continue reading
US – Generation Jobless: a conference
“A barrier today is the rigid ideology of our public discourse,” Marc Morial, president and CEO of the National Urban League said. Morial, a former mayor of New Orleans and Louisiana State Senator, was one of many leaders to speak Friday at Generation Jobless, a conference devoted to exploring the crippling unemployment crisis affecting younger … Continue reading
Europe – Major companies pledge 100K for new youth jobs
Some 200 companies on Thursday pledged to create new work and training opportunities for Europe’s young jobseekers, of which one out of four is unemployed. The alliance of major companies set a goal of creating tens of thousands in additional jobs — or apprenticeships and internships that lead to jobs — over the next several … Continue reading
Boomers vs Youth on the Worplace – No crowding out but, tension at the individual level
In a series of recent client notes, consulting firm Mercer urges companies to recognize the tension between young and old at work, and to plan for baby boom workers to hang on to their jobs. “For those who choose to retire, many are going to realize … they don’t have enough money to sustain themselves, … Continue reading
Youth Transitions in Europe – Those countries with quicker and more successful school-to-work transitions are those where young people leave home earlier says report
Young people in Europe continue to experience great difficulties in entering the labour market. Although the youth unemployment rate in a few Member States has started to fall, overall 23% of young European job-seekers aged 15–24 could not find a job in January 2014. In 2012, 14.6 million young people across Europe were not in … Continue reading
Youth Unemployment in Uganda – Demands for government action
With Uganda’s unemployment rate at near 83 percent, the government is being challenged by a group of former students who have formed the National Association of the Unemployed. Their demands are for the government to sponsor and create jobs for Uganda’s large youth population. Uganda has one of the highest rates of unemployment on the … Continue reading
Youth unemployment in Australia – The Brotherhood of St Laurence has just released a new report
The Brotherhood of St Laurence has today released a new report on the growing scourge of youth unemployment and underemployment in Australia, which is at the worst level since records began in 1978, with more than 580,000 Australians aged 15 to 24 either under-employed or unemployed: Today, young people are more likely to be underemployed … Continue reading
Youth in US – Worse than in 1980s for job and pay
Young people of all races and ethnicities were not employed in 2013 at the rate they were a generation ago, according to data reported today by the National Center for Education Statistics, a division of the Education Department. Americans aged 20 to 24 who did have jobs were paid $4,800 less in 2012 than they … Continue reading
Italy – Youth unemployment rate (aged 15-24) was 43.7% in June
In June 2014 22.398 million persons were employed, +0.2% compared with May 2014. Unemployed were 3.153 million, -2.4% with respect to the previous month. Employment rate was 55.7%, +0.2 percentage points with respect to May 2014, unemployment rate was 12.3%, -0.3 percentage points over the previous month, and inactivity rate was 36.3%, unchanged over May. … Continue reading
Unemployment in Europe in June – 11.5% for the Euro Area, 10.2% for the EU28 and 5.129 million young persons under 25
The euro area (EA18)* seasonally-adjusted unemployment rate was 11.5% in June 2014, down from 11.6% in May 20144, and from 12.0% in June 2013. This is the lowest rate recorded since September 2012. The EU28 unemployment rate was 10.2% in June 2014, down from 10.3% in May 2014, and from 10.9% in June 2013. This … Continue reading
Youth Unemployment – Current high levels will be felt by society for decades
It is clear that youth unemployment leads to many negative outcomes in terms of both material and mental wellbeing. Here, Ronald McQuaid summarises the multiple scarring effects of youth unemployment. Current high levels of youth unemployment will therefore be felt by society for decades, making effective policy responses incredibly important. Being unemployed when young leads to a higher likelihood … Continue reading
Young Adults in US – There were 31.2 million young adults ages 18–2
Demographics As of 2012, there were 31.2 million young adults ages 18–24 living in the United States. About 522,000 young adults were serving on active duty in the armed forces in 2012. Just over 180,000 young adults were imprisoned in State correctional institutions in 2011. Education In 2013, 84 percent of young adult women and … Continue reading
UK – Household incomes fall by 13% for those aged 22-30 finds the Institute of Fiscal Studies
People aged 22-30 saw their household incomes fall by 13% between 2007 and 2013, while those between 31 and 59 saw a 7% drop, according to the Institute of Fiscal Studies (IFS). Employment prospects for the under-30s were also hit harder. Living standards are set to be a key issue in the run-up to next … Continue reading
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