Unemployment in the EU is at its lowest point in the last ten years, but young people are still dissatisfied with their career opportunities. Eurostat reports show that youth unemployment rates are much higher, triple than unemployment rates for all other ages.
In January 2019, jobless men and women above the age of 25 are 5.7%, as for the same period, rates among youths (15-24) are three times higher- 15.7%. (Source: Statista)
The unemployment rate is an essential indicator of both social and economic dimensions of youth poverty. Dangerously high unemployment rates show that young people can’t find their place in the labor market; thus, they are not an active part of the society. Jobless youngsters most often live with their parents, which destroys their independent spirit. Furthermore, the lack of money prevents them from going out and travel. The combination of these factors kills their motivation to find a job.
A vicious circle starts forming around these young people who lose interest in social causes, politics, and innovations. Once they lose their drive, long term unemployment is just the next step, according to studies in the EU.
Unfortunately, many teenagers and twenty-something college graduates do not find jobs right after leaving the education system. The EU and national governments attempt to fight this phenomenon with various measures.
- Promotion of a life-cycle approach to work
- Encouraging lifelong learning
- Improving support to those seeking a job
- Free training programs
These efforts should help students and young professionals build attractive resumes for businesses operating on the global labor market. Nowadays, finding a job is even more challenging than ever, global competition requires all kinds of skill-sets from the newcomers and these programs are designed to reinforce youngsters’ positions at this entry point.
Besides, NGO initiatives create platforms for online education on which boys and girls take specialized courses they are interested in without the need to enroll in an official university program. It’s easier, faster, and very practical. Usually, such NGOs can’t provide certificates or diplomas, but the good news is businesses don’t need one. if the young person shows skills and a can-do attitude, he/she is hired.
The conservative format of higher education is also changing (slowly). More universities invite businesspeople to the campuses, so students get the chance to meet entrepreneurs with hands-on experience and learn in a more informal environment. This kind of education is most popular in the USA, while formal education in Europe is still lagging in this regard. But times are changing, dynamics of life, work, and study are different so all involved should adjust. And undoubtedly, universities should work hand in hand with businesses to ensure a prospective future for young people.