Due to the financial crisis in 2008 many became unemployed. Among the group who where affected the most was the youth. The economic crisis did not helped young people to find a job, and the fragility for the one who had a job before the crisis were only confirmed. The youth are “first” out and “last” ones in the labour market when facing economic crisis.
Before the crisis in 2007 more than 70,5 millions were unemployed. The statistic shows that from 2002 until 2007 the unemployment rate among youths degreased (from 77 million unemployed in 2002 until 70,5 in 2007). Already in 2008 the number of unemployed began to rise, and by 2009 the number of unemployed had increased to 75,8 (more than 4,8 millions since 2008). However the unemployment rate among youth has not changed drastically since 2009, and remains high. Today more than 74,6 millions are without work. The unemployment rate is drastically higher than the unemployment rate among adults, which understates the theory that the young are the first to get laid off, and the last to get hired again.
Some trends for youths in the labour market after the crisis are: more likely to become unemployed of a long period of time. For instance in Italy a young person is three times more likely to be unemployed for more than a year, than an adult. There has been an increase in inacticvity among young people. Another mayor point is the increase in part time employment. This may be caused by young people wanting to study and prioritizing their education while working part-time to gain the experiences. The downside is that many youth are only working part time jobs because there are no possibilities to find a fulltime job. In countries like Norway, the Netherlands, Canada and Denmark more than half of the youths are working on a part time basis.
There are mayor differences between the different regions. The youths in the developed countries have been affected the most by the unemployment. In some countries like Spain the youth unemployment is almost 50%. Often there is a lower unemployment rate among youths in less developed countries than in high developed countries. Often the young have to work to survive. This does not, however, means that the jobs are better. Usually they work more, under worse conditions and for a lower salary. There is many more working in these conditions than trying to find a job.
One of my suggestions it that the governments have to create a guidance services or a framework which could make the process from school till working go more smoothly. By offering job placement, recruiting, training programs and other following up actions can make it easier to enter the labour market.