Youth unemployment
Youth Unemployment refers to the state of being without a job and actively seeking employment among individuals typically aged 15-24. This demographic is often the most affected by economic downturns and changes in the labor market.
Causes
Youth unemployment can be caused by a variety of factors, including economic recession, lack of job opportunities, lack of skills training and education, and discrimination.
Economic Recession
During an economic recession, businesses often cut back on hiring, which can disproportionately affect young people who are just entering the job market.
Lack of Job Opportunities
In some regions, there may be a lack of job opportunities suitable for young people. This can be due to a variety of factors, such as a decline in industries that traditionally employed young people, or a mismatch between the skills young people have and the skills employers are looking for.
Lack of Skills Training and Education
Without adequate skills training and education, young people may find it difficult to compete in the job market. This is particularly true in economies that are transitioning from manufacturing-based to knowledge-based.
Discrimination
In some cases, young people may face discrimination in the job market. This can be based on factors such as age, race, gender, or socioeconomic status.
Effects
Youth unemployment can have serious social and economic effects. These can include increased rates of poverty, crime, and mental health issues, as well as a loss of human capital for the economy as a whole.
Solutions
Solutions to youth unemployment can include policies aimed at increasing job creation, improving access to education and skills training, and combating discrimination in the job market.
See Also
- Unemployment
- Economic recession
- Job opportunities
- Skills training
- Education
- Discrimination
- Poverty
- Crime
- Mental health
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