Social Agenda – Youth employment
The latest issue of Social Agenda highlights the need for a new approach to employment, social and inclusion policy to promote youth employment: a combination of urgent, highly targeted measures supporting young people directly and of longer term structural reforms.
The Youth Guarantee, which the Heads of State and government have agreed to disseminate throughout the EU, encapsulates this new approach. This issue explains:
- what the EU Youth Guarantee is all about;
- how the new European Social Fund 2014-2020 provides a framework to manage both the Youth Guarantee and the Youth Employment Initiative;
- how the reform of the European network of employment agencies and organisations (EURES) will help young people and employers extend their quest for jobs or for employees with the right skills to the whole of the EU.
Statistics contained in Social Agenda 36
- The new Multiannual Financial Framework (MFF) requires that Member States devote at least 23.1% of the share of EU Cohesion funds to the European Social Fund.
- From 2014 to 2020, more than €80 billion will be invested in upgrading the skills of Europe's population and increasing employment under the European Social Fund, to be completed by national funding.
- The youth unemployment rate is more than twice as high as the rate for adults (23.6 % in comparison to 9.5 %, in November 2013).
- 7.5 million people in the 15-24 age group are neither in employment nor in education or training (NEETs). In 2012, 13.1 % of youth were NEETs (provisional figure), 2.2 percentage points more than four years earlier, representing an increase of more than 20%.
- Long-term youth unemployment is on the rise: In 2012, more than 32% of unemployed people under 25 had been unemployed for more than 12 months.
- Since 2010, high unemployment co-exists with increased difficulties in filling vacancies.
- During the first quarter of 2013, projects funded by Your First EURES Job filled 416 job vacancies, supported 262 job interviews in another EU country, provided 384 relocation allowances to help young job-finders settle in another country, supported 442 preparatory trainings and also 95 SMEs for integration trainings.