EU Employment and Social Situation: Quarterly Review analyses deepening social crisis

See on Scoop.iteuronews Generation Y

Commission Européenne – Communiqué de presse – European Commission Press release Brussels, 26 March 2013 The employment and social situation in the EU remained critical in the fourth quarter of 2012 with employment receding overall and…

Generation Y‘s insight:

Not only has youth unemployment reached a new peak across the EU (23.6 % of active young people were jobless in January 2013), but also periods of unemployment among the young have tended to become longer. 7.1 % of active young people had been jobless for more than a year in the third quarter of 2012, against 6.3% a year earlier. This trend poses a serious risk in terms of young people becoming detached from the labour market and from society as a whole. The rising number of young people under the age of 25 who are neither in employment nor in education and training (NEET), now accounting for roughly 8 million young people, is also a major cause for concern.

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