What Is The Problem Of Youth Unemployment Essay

Youth Unemployment in EU

Every fifth young person is unemployed, plus over 4.5 million young people out of work in total .if we compare to the global unemployment rate, this is twice times more..It started from the global financial crisis of 2007–2008, people aged between 16 and 25 have been facing great difficulties with entering the labour market. The highest peak was in January 2013 when 24% of European youth were unable to find a job. Since then, the European Union started working on this issue by different programs and financial aids. Even though they started caring on the issue, the numbers have still remained high, especially in Southern European countries, like Spain, Greece, Croatia and Italy, where mostly 50% of young people are unemployed. Unemployment rate only stayed under 11% only in economically stable countries such as Germany and Austria.

Youth unemployment in Europe has reached such a level that the main goal for youth

Brain Drain in southern and eastern European countries is threat in economy while Europe is facing aging population difficulty educated people leave their countries because they can’t get jobs in their homelands so they are going to the countries where salaries are high and where they can get job and use their knowledge.

As the issue of youth unemployment has been present over the last decade, the issue of youth unemployment has been tackled on the European level in various ways. One of the most essential measures is the Youth Employment Package which was introduced by the European Commission (EC) In December 2012 as a part of the Employment Package. It consists of recommendations to Member States, to establish a Youth Guarantee, ensuring all young people up to age 25 receive a concrete good-quality job offer within 4 months of leaving formal education or being unemployed

In March 2014, the EC also initiated a Quality Framework for Traineeships which