Arab Today, arab today youth jobless costing eu billions of euros annually
Last Updated : GMT 20:16:35
Arab Today, arab today
Arab Today, arab today

Youth jobless costing EU billions of euros annually

Arab Today, arab today

Arab Today, arab today Youth jobless costing EU billions of euros annually

Tehran - FNA

Youth unemployment is costing the European Union (EU) billions of euros each year in social welfare payments and lost productivity, a report said. Economists say the problem of youth joblessness is particularly profound in the eurozone, where there are currently some 14 million people under the age of 29 without a job, press tv reported. It is now one year since the European Commission unveiled its €6 billion Youth Guarantee Scheme, which is designed to offer young people a job, training or further education within four months of them having left school or becoming unemployed. However, a youth unemployment conference in the Belgian capital, Brussels, on Tuesday heard that some EU countries have still not submitted plans to the commission as part of the initiative. The conference, titled “Youth Guarantee: Making It Happen” also heard that there are serious flaws in education systems across the bloc. This came after a recent survey revealed that 40 percent of firms in the EU have difficulty finding workers with the necessary skills to fill vacancies. European Commission President Jose Manuel Barroso told the conference that the unemployment rate among young people has reached an alarming level, "representing a waste of human resources and talent that Europe simply cannot afford." Recent official figures showed that the unemployment rates for the eurozone and the EU were standing at 11.9 percent and 10.7 percent respectively in February 2014. Around 26 million people are currently estimated to be looking for work in the European Union. The EU statistical agency, Eurostat, said in its latest report that the highest rates were recorded in Greece with 27.5 percent and Spain with 25.6 percent. The lowest levels were also found in Austria with 4.8 percent, Germany with 5.1 percent and Luxembourg with 6.1 percent.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today youth jobless costing eu billions of euros annually Arab Today, arab today youth jobless costing eu billions of euros annually

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today youth jobless costing eu billions of euros annually Arab Today, arab today youth jobless costing eu billions of euros annually

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday