EU Youth Report: Youth Employment and Entrepreneurship
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). The crisis has also had an important negative impact on young people aged between 25 and 29.
Analysing the situation of the 15-29 age group as a whole between 2011 and 2014, a significant contraction in employment is evident. Indeed, employment among those aged 15-29 decreased by more than 1.8 million, from 42.2 million in 2011 to 40.4 million in 2014 (61). In parallel, young people increased their participation in education and training (for more details see Chapter 3), and they are equally more likely to become unemployed. In 2014, more than 8.5 million young people aged 15-29 were unemployed.
Moreover, an increasing percentage of young people in 2014 had only temporary, part-time work or other nonstandard form of employment in comparison to 2011.
The aim of this chapter is to describe both the current situation of the youth labour market as well as the changes that took place between 2011 and 2014. The chapter focuses firstly on economically active young people; it then presents a deeper analysis of young people's position in the labour market; and finally it gives a brief overview of the support available to assist young people in making the transition from education to employment.