The Mirage of Youth Unemployment

Moreover, one must ask how much youth unemployment contributes to total unemployment.

And unemployment hovers above 10 , with youth unemployment far higher, at roughly 25 .

Youth unemployment in Spain, for example, is above 50 .

Youth unemployment worldwide has increased during the past decade.

Unemployment has risen to a record 11.2 , with 35 of young people jobless.

Unemployment stands at about 12 in Italy, and 38 for the young.

Likewise, Spain s unemployment rate is above 25 (and 55 for young people).

In Spain and Greece, unemployment is approaching 30 , while youth unemployment is nearing a staggering 60 .

Unemployment stands at about 12 , and is probably twice as high among young people.

Young people have the highest rates of unemployment and are in many ways the most vulnerable to the social depredations caused by unemployment and poverty.

Greece s youth unemployment rate now exceeds 60 , and Spain s is above 50 .

The overall unemployment rate (12 ) has yet to peak, led by an alarming lack of jobs among the young (24 joblessness in the eurozone as a whole, with highs of 59 and 56 in Greece and Spain, respectively).

Young people are particularly vulnerable to unemployment.

Consider Spain, which has an unemployment rate of 20 and more than 40 among young people.

In Italy and Spain, growth is negative, and youth unemployment is 35 and 55 , respectively.

The problem of high youth unemployment is certainly not confined to the developing world, however.

The result is a growing youth unemployment crisis among poor and working class youth.

Unemployment remains far too high, with alarming levels of long term and youth joblessness.

Youth unemployment rates are typically two to three times higher than for others, and young women are particularly at risk.

Labor market experts thus consider the unemployment rate a potentially misleading indicator, because a youth unemployment rate of 50 does not mean that half of the young population is unemployed. That is why one should look at the unemployment ratio the percentage of the unemployed in the reference population rather than at the unemployment rate.

Iraqi statistics, which define unemployment more expansively, show rates in percent declining from the mid twenties to the teens in the past two years.

Eurostat, the European Union s statistical agency, calculates youth unemployment using both methodologies, but only the flawed indicator is widely reported, despite major discrepancies.

To be sure, a youth unemployment ratio of 13 or 19 is not grounds for complacency. But, while the eurozone s youth unemployment rate has increased since 2009, its ratio has remained the same (though both significantly exceed pre 2008 levels).

To be sure, a youth unemployment ratio of 13 or 19 is not grounds for complacency.

Unemployment, especially among the young, and the depletion of both oil and underground water resources are major long term economic problems.

Unemployment, especially among the young, and the depletion of both oil and underground water resources are major long term economic problems.

While standard measures exaggerate youth unemployment, they likely understate adult unemployment, because those who have given up their job search are not counted among the unemployed.

Given the direct relationship between illicit crop cultivation and poverty, it would be impossible to reduce drug trafficking without tackling problems such as unemployment, hunger and violence.

Youth unemployment was particularly high (40 per cent) among 15 to 24 year olds.

For example, youth unemployment is also critical for university graduates and other newly skilled young people who are unable to find jobs and contribute to the development of their countries.

There are about 100 million jobless people in the G 20, and another 200 million young people who are neither working nor studying. Significantly reducing youth unemployment is one of the G 20 s most important commitments.

Moreover, one must ask how much youth unemployment contributes to total unemployment. Looking at the problem this way reveals a completely different picture from the one usually presented.

The unemployment rate, especially among disadvantaged groups young people and women is staggering.

The unemployment rate for young people (15 24 years old) in North Africa and the Middle East is 30 or more.

The statistics say that 80 of Gaza s population is dependent on UN food aid. The youth unemployment rate is 65 .

In the United States, the overall unemployment rate is around 9 , but among 18 25 year olds, it is a staggering 19 .

Youth unemployment is soaring, educational opportunities pale in comparison to those offered in metropolitan areas, and recreational facilities are often considerably underdeveloped.

Among those in the 20 24 age group, the difference between the reported unemployment rate and the percentage of youth without a job and looking for one (the unemployment ratio) is less stark. But, even among this age group, one finds that the unemployment ratio is often about one half of the widely reported unemployment rate.

In most countries, unemployment represents a severe problem, especially among youth and the educated.

The high level of unemployment among young people is of particular concern.

So the perverse result of this way of counting the unemployed is that the more young people who pursue additional education or training, the higher the youth unemployment rate rises.

In this sense, Italy represents an extreme case, since even highly skilled young workers, though usually over the age threshold of the youth unemployment rate (29.5 in the country), are being marginalized.

That would have been painful, but it could have spared the Greeks from a 7 decline in GDP and a rise in unemployment to 22 (including an increase in youth unemployment to a whopping 48 ).

In calculating youth unemployment, therefore, the same number of unemployed individuals is divided by a much smaller number, to reflect the smaller labor force, which makes the unemployment rate look a lot higher.