Job Market Monitor
Youth
Europe – Priorities to tackle youth unemployment
Young people face more difficulties in the labour market, especially if they are low skilled, exposed to long-term unemployment or stuck in the informal economy, where work is low paid and unprotected. In June 2012, representatives of governments and employers’ and workers’ organizations from all over the world met at the International Labour Organization (ILO) … Continue reading
Tunisia – Addressing Youth Unemployment
How can the transitional government begin to address youth unemployment in light of low growth? In the two decades prior to the 2011 uprising, Tunisia has grown at a steady rate, but the economy failed to produce jobs. Unemployment increased in 2011 to over 18 percent and remains high at around 17 percent. There are … Continue reading
Teens and young adults employment plummeted between 2000 and 2011 in the Largest Us Metropolitan Areas study says
“Employment prospects for teens and young adults in the nation’s 100 largest metropolitan areas plummeted between 2000 and 2011” write Andrew Sum, Ishwar Khatiwada, Mykhaylo Trubskyy, and Martha Ross with Walter McHugh and Sheila Palma in The Plummeting Labor Market Fortunes of Teens and Young Adults on brookings.edu. On a number of measures—employment rates, labor force underutilization, unemployment, and year-round joblessness—teens … Continue reading
UK – Young People in the Labour Market: 69% of young people not in full-time education were employed at the end of 2013
Main findings • The number of people aged 16 to 24 in full-time education has more than doubled over the last 30 years • 69% of young people not in full-time education were employed at the end of 2013 • The proportion of young people undertaking work alongside full-time study has been falling since the … Continue reading
New Grads in China – Government has encouraged self-employment
The Chinese government has encouraged self-employment in an attempt to foster new areas of growth to keep people in work. Chinese Premier Li Keqiang admitted that the employment situation is tough in his government work report delivered to the country’s top legislature last week. He said a record 7.27 million college graduates will be job … Continue reading
Over half of young people say that they don’t have skills for basic tasks finds LifeSkills Youth Barometer
Findings from the LifeSkills Youth Barometer released today reveal that more than half (54%) of 14-25 years olds feel they don’t have the practical skills they need to find a job at entry level. A quarter (24%) of young people say they receive no careers education, while one in three (30%) felt they were not … Continue reading
Latin American youth / Trapped by unemployment and informality says ILO
Latin America’s jobs-creating economic growth has not been strong enough in recent years to improve the employment outlook for young people trapped by unemployment and informality, the ILO said. “We are faced with a political challenge that calls for a determination to apply innovative and effective policies to confront labour market precariousness,” said Elizabeth Tinoco, … Continue reading
India / Without jobs, the demographic dividend will be a disaster
Jobs in India grew by just 2.2% between 2010 and 2012. Economist Alakh N Sharma, director of the Institute of Human Development and principal author of India Labour and Employment Report 2014, spoke with Rema Nagarajan about why unemployment is rising, the people it hits hardest, manufacturing as a remedy — and how competitiveness goes … Continue reading
Young and Old Workers in the Workplace / New York City’s age-smart designation
New York City’s age-smart designation is about identifying businesses in which a multigenerational workplace boosts the bottom line. Last week, Settepani was honored with aninaugural Age Smart Employer award from the city. The other winners includedMontefiore Medical Center, Pfizer (PFE), and Renewal Care Partners, a long-term care business started by two recent MBAs. The idea, funded by the Alfred … Continue reading
Youth and the Oil Industry in Canada / Wages, Employment and School Enrollment
Increased wages have a dual impact for young men: they tend to reduce their full-time university enrollment rates―at least temporarily―and to bring (back) into the labour market those who were neither enrolled in school nor employed. Continue reading
Wage Subsidy for youth in South Africa / Employment Tax Incentive Act now in effect
President Jacob Zuma on Wednesday signed into law the Employment Tax Incentive Act, to take effect from January 1 – though it will apply to all young workers hired on or after October 1 this year. The promulgation of the controversial law brings to a close a fierce battle lasting more than two years in … Continue reading
UK / More than three quarters of a million young people believe they have nothing to live for
The Prince’s Trust Macquarie Youth Index has found that more than three quarters of a million young people believe they have nothing to live for, with jobless youngsters facing “devastating” symptoms of mental illness Continue reading
Teenage Unemployment in US / A tragedy
More than one in seven between age 16 and 24 can’t find any job, full or part-time. For African Americans in that age group, it’s more than one in four. Continue reading
US / The youth unemployment crisis
Decades of economic data on youth joblessness shows that: 1) lack of work early in an individual’s career leads to lower future wages; and 2) entering the job market during a recession scales up individual challenges to entire generations. The data is as solid as it is disturbing Continue reading
Tackling Youth Unemployment / Try apprenticeships says ILO
The ILO was host this week to a Sub-Regional Workshop on Apprenticeship Systems in Europe, where government, workers’ and employers’ representatives had the chance to exchange ideas and best practices on successful apprenticeship systems in the continent. Apprenticeship systems have played an important role in certain countries to help reduce youth unemployment. Watch the videos … Continue reading
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