Young Europeans in countries hit hardest by the Continent’s economic crisis are finding it difficult to move out of their parents’ home. Data shows that over 50 percent of those aged 25 to 34 in some countries have yet to move out.
That’s the subheading of a Spiegel Online article that caught our eye this week. It came with the attention grabbing headline: Read more
Increasing unemployment disproportionately affects the young. While policymakers have been pre-occupied with sovereign and financial crises, the generation with no actual experience of holding down a job just had to wait. For how long will this spectre haunt economies?
Using statistics from the European Union Labour Force Survey for January 2012 (but November 2011 for Greece), the UBS Global Macro Team gives us the following headline unemployment rates in a note released earlier this week: Read more
Wednesday’s UK jobs report is a stark reminder of the inadequacy of government policy — past and present — to reduce unemployment, and in particular youth unemployment.
The number of unemployed people in the three months to the end of June was 2.49m, up 38,000 from March and up 32,000 from twelve months ago. This total is only 17,000 shy of the peak during the recession (2.511m), according to Citigroup’s Michael Saunders, who expects next quarter’s release to show a further increase. Read more