One out of five young Europeans are looking for work and the unemployment figures are not likely to improve until 2016, while policymakers are not doing enough to reverse the trend, said EU youth organisations.
According to latest figures released by the International Labour Organization (ILO), youth unemployment in the EU and other developed countries soared 26.5% from 2008 to 2011, the steepest increase from all the world regions ranked by the ILO. Most of this increase occurred in 2008-2009 and resulted in historically high rates in several developed economies, the organisation pointed out, stressing that in comparison joblessness among young people decreased by 12% between 1998 and 2008.
The numbers seem to prove the assumption made by some economists and politicians, like Spanish Prime Minister Mariano Rajoy, that today’s youth generation in the EU will be, for the first time since the second world war, worse off than their parents’ generation.
To read the full, original article click on this link: ILO: Youth unemployment to remain high until 2016 | EurActiv
