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Youth Unemployment

All articles tagged with #youth unemployment

business1 month ago

UK unemployment rises to 5.1%, impacting young workers and graduate prospects

UK unemployment rose to 5.1% in the three months to October, with a significant increase in youth unemployment, amid economic uncertainty and government policy debates on wages and hiring. Wages are still rising but at a slowing pace, and the Bank of England is considering interest rate cuts to stimulate growth while managing inflation. The government has announced initiatives to address youth unemployment, but concerns remain about the impact of recent policies on job creation.

via BBC|
#business#interest-rates#labour-market
world2 months ago

Morocco's Gen Z Activists Reshape the Nation's Future

Moroccan youth-led protests across multiple cities, driven by frustrations over corruption, economic inequality, and government spending on World Cup infrastructure, highlight a broader discontent with social and political issues. The protests, organized by the leaderless Gen Z 212 group, demand government reforms, accountability, and better social services, with the government responding with a mix of crackdowns and limited dialogue.

via AP News|
#gen-z#government-response#morocco-protests
world3 months ago

Morocco Youth Protests Turn Deadly Amidst Police Clashes

Protests erupted across Morocco over government priorities, with youth demanding better public services instead of stadiums for the 2030 World Cup. Police fired on protesters in Lqliaa, resulting in two deaths, amid widespread unrest in cities like Rabat, Casablanca, and Marrakesh. The government has detained hundreds, and protests are ongoing, driven by economic grievances and dissatisfaction with public infrastructure.

via BBC|
#genz-212#morocco-protests#police-shooting
business3 months ago

Gen Z Faces Job Market Challenges as AI Reshapes Employment Landscape

Goodwill CEO Steve Preston warns that AI-driven automation is already causing significant job losses, especially among low-wage and entry-level roles, with young people, particularly non-college grads and Gen Z, being hardest hit. He emphasizes the importance of digital skills and adapting to new technologies for future job prospects, while also suggesting alternative skills like clean tech for those seeking non-traditional careers.

via Fortune|
#ai#automation#business
economy4 months ago

Jerome Powell Discusses AI's Impact on Youth Employment and Economic Trends

Federal Reserve Chair Jerome Powell highlighted the challenging job market for recent graduates, especially among Gen Z and minorities, amid low hiring and firing rates, with AI potentially influencing employment trends. The long-term effects of this employment slump could impact lifetime earnings and economic mobility for young people, raising concerns about persistent labor market scars.

via Fortune|
#ai-impact-on-jobs#economy#gen-z-employment
economy1 year ago

Spain's Economic Resilience Defies European Downturn

Spain's economy is set to outpace other major advanced economies, driven by tourism, immigration, foreign investment, and public spending. A burgeoning tech startup scene, supported by favorable laws and tax incentives, is attracting talent and investment, making Spain a rising tech hub. However, challenges like low GDP per capita, high youth unemployment, and housing market issues persist. To sustain growth, Spain needs to enhance incentives for startups, increase R&D investment, and address economic imbalances.

via Fortune|
#economic-growth#economy#foreign-investment
economy1 year ago

Gen Z Rejects Jobs Over Commute and Wardrobe Costs

A recent report highlights that many Gen Z individuals are turning down job opportunities due to the high costs of commuting and work attire, compounded by mental health challenges. The NatWest Youth Index 2024 reveals that these financial and psychological barriers are creating a cycle of unemployment and poor mental health among young adults. Despite these challenges, a significant portion of Gen Z remains determined to achieve their career goals, seeking support from employers and the government to overcome these obstacles.

via New York Post |
#cost-of-living#economy#employment
society-and-culture1 year ago

"Gen Z Embraces NEET Lifestyle: What It Means"

A growing number of Gen Z individuals are becoming NEETs (not in employment, education, or training), contributing to record levels of youth unemployment globally. Economic hardships, lower earnings, and a preference for non-traditional job roles are some factors driving this trend. Additionally, mental health issues are causing more young people to be out of work due to ill health.

via New York Post |
#economic-hardship#gen-z#mental-health
demographics-economy2 years ago

"The Impending Threat: China's Shrinking Population and Its Global Ramifications"

China's working age population is shrinking, accounting for 61.3% of the total population in 2023, down from 62% the previous year, as births decline and lifespans increase. The country's total population dropped by over 2 million people to 1.41 billion in 2023, with the working age population declining after reaching a peak in 2011. This trend has led to a surge in youth unemployment, with rates above 20%, amid slowing economic growth and a mismatch between available jobs and skills. The decline in the working age population is driving the adoption of technology to meet labor needs and raise productivity, while there are still opportunities to boost workforce productivity through vocational education and tapping oversupply in rural labor.

via CNBC|
#china#demographics-economy#labor-force
economy2 years ago

"Chinese Millennials and Gen Z Adjust Expectations Amid Sluggish Economy"

China's millennial and Generation Z workers are facing lower economic expectations as the country's once rapid economic growth slows down. The younger generation, who grew up witnessing their parents' rise from rural poverty to urban wealth, now face a more challenging economic landscape with fewer opportunities for growth and job prospects. Factors such as slowing job creation, struggling small and medium-sized businesses, and record-high youth unemployment rates are contributing to the gloom among the younger workforce. Additionally, a regulatory crackdown on tech and education firms has led to layoffs, prompting some to drop out of the formal economy, reflecting a shift in attitudes towards work and economic value.

via NPR|
#china#economic-expectations#economy
economy2 years ago

China's Youth Unemployment Crisis Threatens US Economy

China's youth unemployment rate reached a record high of 21% in May, posing a significant challenge for the country's economy and potentially impacting the US as well. The mismatch between available jobs and the preferences of Chinese youth, who are increasingly opting for service sector jobs, is hindering productivity and could strain the US economy, which heavily relies on China for goods and services. The prolonged youth unemployment crisis in China may lead to civil unrest and destabilize trade and supply chains. China's government's failure to expand jobs in the service sector and invest in unproductive sectors exacerbates the problem. The situation could result in mass emigration and a brain drain if young people cannot find productive opportunities within the country.

via Business Insider|
#china#economy#productivity