World is facing many challenges but one of the most critical
ones is youth unemployment. An unemployed person is someone who does not have a
job but is actively seeking work. As defined by the United Nations young people
are the part of population aged between 14 – 28 years old.
In the Euro Area the unemployment rate is 11.3% and for many countries in the European Union, half of the unemployed working force is made by youth. For more updated data you can follow this link Unemployment Rates 2015
Globally for many other countries, the unemployment youth rates make four to five times more than the adult rates in every country in the world.
In order to be considered as unemployed one should:
- not have a job
- be willing and able to work
- be actively searching for a working position
Do you know the unemployment rates in your country? Are you aware of any policy initiatives undertaken by your government to assist young entrepreneurs or encourage companies to hire young people?
Please share with us your views and comments.