Youth unemployment is an urgent issue in many countries across the Mediterranean region, where 25.4 million people are unemployed, of whom 7-8 million are aged 15-24. 490 million people live in the region, of which 192 million are part of the 8 EU member states. The proportion of young people not in education, employment or training has increased since the financial crisis, and in many countries youth unemployment rates are higher than unemployment in the older working age population. The figures available may even underrepresent the true level of unemployment due to non-participation in the labour market. The growth in youth unemployment is particularly worrying. It can have long-lasting effects on productivity and potential growth, often excluding young people from the labour market for an extended period of time, lowering their productivity and affecting their job prospects for life.
Nuria Boot, Karen E. Wilson and Guntram B. Wolff, Bruegel