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Young people protesting about youth unemployment in Hamburg, Germany. Youth unemployment is a special case of unemployment with the youth, here being those between 15 and 24 years old. [1] It focuses on young people who may have had difficulties finding work. Youth unemployment is consistently different from those of the general workforce.
In Japan and South Korea, youth unemployment rates were at historic lows. The U.S. Bureau of Labor Statistics reported that youth unemployment in July was 9.8%, up from 8.7% the same period last year.
One year on, youth unemployment remains a headache, with the reconfigured jobless rate spiking to a 2024 high of 17.1% in July, as 11.79 million college students graduated this summer in an ...
Urban youth unemployment for the roughly 100 million Chinese aged 16-24 spiked to 17.1% in July, a figure analysts say masks millions of rural unemployed. ... working in the gig economy and even ...
Disconnected youth is a label in United States public policy debate for NEETs, a British term referring to young people "Not in Education, Employment, or Training". Measure of America's July 2021 report says disconnected youth (defined as aged 16 to 24) number 4.1 million in the United States, about one in nine of the age cohort. [1]
High unemployment also has a negative effect on long-run economic growth. Unemployment may seriously harm growth because resources sit idle, because it generates redistributive pressures and distortions, because it idles human capital and deters its accumulation, because it drives people to poverty, because it results in liquidity constraints ...
(China’s general urban unemployment figure—which the bureau did release on Tuesday—was 5.3% in July, up 0.1 percentage points from the month prior). Youth unemployment is now a major crisis ...
High and the persistent unemployment, in which economic inequality increases, has a negative effect on subsequent long-run economic growth. Unemployment can harm growth because it is a waste of resources; generates redistributive pressures and subsequent distortions; drives people to poverty; constrains liquidity limiting labor mobility; and ...