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Youth Guarantee

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Some 5.5 million young people on the EU labour market cannot find a job, and 7.5 million young people aged 15-24 are NEETs - not in employment, education or training. Youth Employment Package includes a proposed Commission Recommendation to EU countries on introducing the Youth Guarantee to ensure that all young people up to age 25 receive a quality offer of a job, continued education, an apprenticeship or a traineeship within four months of leaving formal education or becoming unemployed. The economic cost of not integrating young people into labour market has been estimated by Eurofound at over €150 billion per year, or 1.2% of EU GDP. Some countries, such as Bulgaria, Cyprus, Greece, Hungary, Ireland, Italy, Latvia and Poland, are paying 2% or more of their GDP. Avoiding these economic costs now and in the future outweighs by far the fiscal costs of the proposed Youth Guarantee.
MEMO INFO PRESS

Type: Clip   Reference: I-076044   Date: 01/02/2013   Duration: 01:30
Languages: ENGLISH, FRANÇAIS, DEUTSCH, ITALIANO, ESPANOL, ΕΛΛΗΝΙΚΆ, PORTUGUÊS, NEDERLANDS, DANSK, SUOMI, SVENSKA, ČEŠTINA, EESTI, LATVIEŠU, LIETUVIŲ, MAGYAR, MALTI, POLSKI, SLOVENČINA, SLOVENŠČINA, БЪЛГАРСКИ, ROMÂNĂ, GAEILGE

Tags: Degree | Labour market | Work of young people | Work | Youth unemployment | Youth
© European Union, 2013   /   Source: EC - Audiovisual Service
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