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EU Youth Report: Youth Employment and Entrepreneurship

European Commission

The economic crisis in the European Union has dramatically changed the youth labour market to a degree that in almost all European countries, several years since the start of the crisis, young people are still facing unprecedented difficulties in finding a job. While youth unemployment was already quite high in 2011, during the following two years the situation deteriorated even further in most countries, with eleven of these registering their highest youth unemployment rate for the 15-24 age group either in 2012 or in 2013 (60).

Resource Type: 
Report

Training and Development at Both Ends of the Workforce Continuum: Opportunities and Recommended Actions

RTI International

In the United States, the youth unemployment rate was more than 14% in July 2014, and has been in double-digits for the last 7 years (Bureau of Labor Statistics, 2014). During recessions and in weak job markets, youths are usually the first to be fired and the last to be hired. Subsequently, they tend to stay in school longer and experience a significant drop in labor force participation rate. Currently, these difficulties are likely to persist for youths aged 16 to 24 as they face increased competition from other age groups for the entry-level jobs they traditionally would fill.

Resource Type: 
Report

Effective Integration of Financial Services into Economic Opportunities Programming for Youth

SEEP Network, MasterCard Foundation

The United Nations Population Fund reports that there are 1.8 billion young people between the ages of 10 and 24, with 89 percent of them residing in less-developed countries (2014). In Sub-Saharan Africa, minors often account for more than 50 percent of a country’s population.

Moreover, by 2050, the world’s population will increase by 2 billion, an increase of 28 percent, all of whom will require access to health and education services, and eventually to jobs and self-employment opportunities.

Resource Type: 
Report

Putting Youth Employment at the Heart of Growth

International Development Research Centre

The demographic divide is stark: while industrial nations are aging, the face of the developing world is overwhelmingly young. In Africa for example, nearly 70% of the population is under the age of 30. Tapping the potential of this emerging generation is a critical challenge. According to the International Labour Organization, two-thirds of working-age youth in some developing countries are either unemployed or trapped in low-quality jobs. 

Resource Type: 
Report

Education Indicators in Focus: Vocational Education and Traning (VET) Programs

OECD

Vocational education and training (VET) can play a central role in preparing young people for work, developing adults’ skills and responding to labour-market needs of the economy. However, VET has been neglected in the past an marginalized in policy discussions, often overshadowed by the increasing emphasis on general academic education. Nevertheless, more recently, an increasing number of countries are recognizing that high quality vocational education and training have a major contribution to make to economic competitiveness.

Resource Type: 
Report

Children and the Financial Regulatory Landscape: Latin America

Child and Youth Finance International

Close to 5 percent of the youth population worldwide has access to a savings account, though they represent around 18 percent of the world population, and disparities are significant; in some economies (i.e Australia, France and New Zealand) around 70 percent of students of 15 years old have a bank account, though in others (Israel, Poland and Slovak Republic) the figure is less than 30 percent.

Resource Type: 
Report

Youth Entrepreneurship in Europe: Values, Attitudes, Policies

Eurofound

The level of youth unemployment remains very high in several EU Member States, and there is increased awareness of the economic and social consequences associated with long‑term disengagement from the labour market. In light of the high potential of entrepreneurs to create employment and sustainable growth, promoting youth entrepreneurship and making Europe more entrepreneur‑friendly has recently become a priority on the EU policy agenda.

Resource Type: 
Report

Youth at Work: Building Economic Opportunities for Young People in Africa

The MasterCard Foundation

Generating viable employment for young people remains a serious global problem. This situation is particularly acute in Sub-Saharan Africa, where some 600 million people are currently under the age of 25. Many still do not have access to quality and reliable economic opportunities, either through self- or formal employment. The economic and social costs of this challenge are too high. It is time for the global youth jobs movement to take its work to a new level—a level that will create new economic opportunity for millions of young people.

Resource Type: 
Report

Zeroing In on Place and Race: Youth Disconnection in America’s Cities

Measure of America

Disconnected youth are teenagers and young adults between the ages of 16 and 24 who are neither working nor in school. There are 5,527,000 disconnected youth in America today, or one in seven young adults (13.8 percent)—about as many people as live in Minnesota. The national disconnected youth population is larger than the populations of thirty US states.

Resource Type: 
Report

Paving the Way for Post-2015: Unlocking Public and Private Finance Solutions

UNCDF

2014 was a transitional year for development. As countries make a final push toward the Millennium Development Goals while negotiating a new development framework, UNCDF has been an active participant on both fronts.

Resource Type: 
Report

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