Flexible Employment is Key
Private employment agencies are working to arrest the downward spiral of youth unemployment, which threatens to inflict lasting damage on an entire generation, with unforeseeable long-term effects on employment, productivity, and social cohesion. But their efforts will require strong support from business and government.
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GLATTBRUG, SWITZERLAND – Rising youth unemployment, especially in Europe, is making headlines worldwide. Roughly 5.5 million Europeans under the age of 25 are unemployed. More than 7.5 million people aged 15-24 are “NEETs” – not in employment, education, or training. The youth unemployment rate exceeds 25% in 13 European countries, amounting to roughly 30% in Italy, Ireland, Bulgaria, Cyprus, Latvia, Hungary, and Slovakia, and surpassing 55% in Greece and Spain.