The Problem Of Youth Unemployment

One of the big problems Canada has had recently is the recession. To reduce the effects of this catastrophe, we plan to give benefits to those most affected: the middle class. We will invest in jobs for those who lost theirs during the recession and provide benefits to

Estes opens his article by comparing the youth of America to the youth of Japan. A “new census data released Thursday casts a shadow over the long-term impact of the recession on America's youth.” The census data show America that the youth had no jobs and there was a lot of youth that had no job. “ During the last decade, the unemployment rate for young people spiked to the highest levels since World War II”, after World War II people did not

5. The EYFS will be given legal force through an Order and Regulations made under the Childcare Act 2006. From September 2008 it will be mandatory for all schools and providers in Ofsted registered settings attended by young children – that is children from birth to end of the academic year in which a child has his or her fifth birthday. The term “early years provider” includes maintained schools, non-maintained schools, independent schools, and childcare registered by Ofsted on the Early Years Register, all of which are required to meet the EYFS requirements. .

In today’s society, a college degree has become a requirement in order to obtain a well occupied profession. Prior to the recession, which the study defines as the period between December 2007 and June 2009, bachelor's graduates were already more likely to be employed than were associate degree holders, who were more likely to be employed than those without any postsecondary degree. After the recession, employment of college graduates dropped 7 percent, while associate degree holders experienced an 11 percent drop, and employment of high school graduates fell 16 percent. The percent of people excluded from the workforce, meaning they were seeking work but couldn’t find it, rose 31 percent for college graduates, 37 percent for high school graduates, and 50 percent for associate degree graduates, though associate degree holders were still excluded at a lower rate than high school graduates (Tilsley, 2013).

Today American citizens undeniably face some of the nation’s greatest challenges. No matter the issue, there will be consequences as a result. A great issue as voted by most Americans is believed to be the high percentage rate of unemployment. Unemployment is a distressingly bad aspect, and unfortunately it is a daily normality and struggle for most individuals. There are a plethora of reasons why unemployment is intensively high; frictional, structural and voluntary unemployment for example, serve as major purposes to the leading cause of high unemployment. Frictional unemployment occurs from the amount of time spent in finding new employment in the free market. For example, a recent university graduate may not necessarily expect to find a job of their expertise and skills right away therefore the job hunt continues. This also occurs whereas people choose to be unemployed rather than accepting the first job that comes around or are in between jobs because they have become inessential or simply looking for a better, beneficial career. Structural unemployment occurs due to inconsistent labor skills such as occupational immobility where learning a new skill required for a certain occupation is complicated. For example an unemployed mechanic will struggle to find an occupation in the medical industry because of the difference in occupational knowledge. Geographical immobility

New graduates are facing tough competitions in the job market. First, some of the low skills jobs are being replaced with automation tasks. Second, many IT jobs are moved to lower cost countries. Many new college graduates continue to struggle to find a job. Although the national rate of unemployment is under 5 percent, the job market is saturated with highly educated grads with little to no work experience. Many baby boomers continue to work past their retirement age due to their financial difficulties. The limited job opportunities that are offered to new graduates are diminishing. Employers strategically hire prospects candidates at lower wages.

However, the level of unemployment for the age of 16 to 24 have been on the increase in the past 10years. The government came up with a new proposition as post 2007 which is known as the September Guarantee, which gave teenagers and young adults more opportunities or choices.

Youth unemployment has been a constant problem in Australia for decades. In Treasurer Scott Morrison and the Coalition’s 2016-17 budget, a new plan focusing on helping young people join the workforce aims to drastically lower the youth unemployment rate over the next few years: the ‘Youth Jobs PaTH Program’. The $752 million dollar program aims to help up to 120,000 vulnerable young people over the next four years (Budget 2016-17, Queensland Government). However, there is a concern how effective the scheme will be, due to its emphasis on purely internships. Many argue that the Coalition’s youth unemployment scheme ‘Working Futures’ is a better option to lower youth unemployment, for its alternative structure and focus. To decide which one is best for Australia, both the Coalition and Labor Party’s scheme will be judged by analysing their social impacts upon the Australian youth.

In 2012 youth ages 15-24 were more than twice as likely to be laid of compared to those older than 25. The monthly layoff rate for youth was 3.5% while the rate for workers 25-54 was 1.3%. Workers 55 plus had a rate of 1.5% (Stats Canada,2013). In todays society youth enter the workforce unprepared, uneducated and unexperienced which leads to these high rates of unemployment and layoffs. Schools are not teaching the valuable lessons and skills youth need to enter the workforce with an advantage not a disadvantage. Although the schools are responsible for teaching the kids it is in fact the government who is responsible for offering more programs and proper programs to schools. By offering more programs designed to educate, prepare and

Canada’s wakeup call has arrived in the midst of economic decline. Canadian economic activity has been recently weaker than was anticipated due to a number of reasons. The falling loonie, low commodity prices, lower business investment and weakening employment performance have contributed to its failure. Although Canada’s fourth-quarter 2015 annualized Gross Domestic Product (GDP) growth rate rose by 0.8%, its growth has been restrained by both a 12.4% drop in business investment that subtracted 1.2 points from overall GDP increase (Royal Bank of Canada 2016). Canadian employment rose up to 7.2% in January 2016 with a sharp increase in the ratio of

Simply put, college graduates are having a hard time finding jobs, and without a well-paying job it is impossible to raise one’s economic status in America. When an American graduates from college, there is a good chance that they will not be able to find employment. This is no surprise, since “the Great Recession and its aftermath is the longest, most severe period of economic weakness in more than seven decades” (Davis, Gould, and Kimball). Economic downturn means fewer available jobs, especially for those who are just entering the market, as most graduates are. According to the Economic Policy Institute, the unemployment rate for college graduates is 7.2 percent and the underemployment rate (the unemployment rate combined with the rate of people currently employed part-time but seeking full-time work) is 14.9 percent. Due to the poor economic situation in America, “many graduates are unable to take the two main paths—receiving further education or getting more work experience—that enable future career success” (Davis, Gould, and Kimball). How are young Americans to attain the American Dream without a successful

Not only do the states’ low revenues cause affordability problems, but high unemployment rates contribute as well. As of December 2009, the nation’s unemployment rate was at ten percent (Boskin 22-27). The unemployment rate for people ages twenty to twenty-four is fifteen percent (Dickler). These numbers are still significantly high. This makes finding jobs extremely difficult for college students. Since the nation’s overall unemployment rate is high, students find themselves competing with everyone for jobs. This becomes very difficult for them. Without jobs,

One of the most pressing issues faced by Canada today is unemployment. In fact, reports confirm that the jobless rate continues to increase every year. As of February this year, the unemployment rate was at 7.0%. The presence of unemployment rate is evident in various provinces. In Quebec, the number of people working declined by 26,000 in February. Alternately, the number of employed in British Columbia fell by 10,000; while Saskatchewan nearly 6,000 individuals are unable to find jobs. The Conference Board of Canada projected that the country’s labour woes could reach to more than one million workers by 2020. In addition to this, experts predict that the unemployment rate in this country will surpass that of the United States. Along with the dismal figures and projections, the problem of unemployment consequently creates numerous negative consequences on the nation’s economy, its government, and of course its people. Some of the known effects of unemployment include reduced spending power, an increase in financial cost, recession, and even crimes and violence. Individually, long-term unemployment may result to depression, loss of self-respect, and strained relationships with family and friends – ultimately causing damage to the person’s overall well-being. The adverse effects of unemployment only show that this issue imposes a significant cost both on a national and individual level. As such, it is of primary importance to create an immediate plan of action to alleviate

According to the International Labor Organization (ILO), only about 21% of the 73 million jobs created between 2000 and 2008 were for youth (Economic Prospects, 2009a). Consequently, youth unemployment is at alarming rates, especially in South Africa, where youth unemployment has risen to 48% (African Economic Outlook, 2009b). Nigeria is also suffering from unemployment, especially among university graduates. According to the National Bureau of Statistics, "the national unemployment rate increased to 23.9% in 2011 compared to 21.1% in 2010 and 19.7 per cent n 2009" (Fanimo & okere, 2012:1). In addition, Nigerian Universities accept less than 15% of students that apply (Nunn, 2005).

The idea that some of the youth in our nation are spending their formative years in confinement, and not obtaining a degree from harvard is detestable. These youth, who are spending a major part of their life in solitary, could potentially find the stepping stone needed to find a cure for cancer or find the antibody that could fight HIV/AIDS. One young lady from Michigan, currently living in solitary, tells her thoughts: