The EU is working to reduce youth unemployment and to increase the youth employment rate in line with the wider EU target of achieving a 75% employment rate for the working-age population (20-64 years).
Factsheet: EU measures to tackle youth unemployment
- Youth unemployment rate is more than twice as high as the adult one – 23.3 % against 9.3 % in the fourth quarter of 2012.
- The chances for a young unemployed person of finding a job are low – only 29.7 % of those aged 15-24 and unemployed in 2010 found a job in 2011.
- When young people do work, their jobs tend to be less stable – in 2012, 42.0 % of young employees were working on a temporary contract (four times as much as adults) and 32.0 % part-time (nearly twice the adults’ rate).
- Early leavers from education and training are a high-risk group – 55.5% of them are not employed and within this group about 70% want to work.
- Resignation is an increasing concern – 12.6 % of inactive youth wanted to work but were not searching for employment in the third quarter of 2012.
- In 2011, 12.9% of young people were neither in employment nor in education or training (NEETs).
- There are significant skills mismatches on Europe's labour market.
- Despite the crisis, there are over 2 million unfilled vacancies in the EU.