CESI: YOUTH EMPLOYMENT AND COVID19
Young people – alongside women, migrants, the LGBTQI community and disabled people – are among those most impacted by the Coronavirus led economic crisis.
Recent economic shocks, such as the 2008 global financial crisis, have shown that young people were among those most affected by unemployment (often more than double compared to the average unemployment rate), especially in Southern European countries.
Unfortunately, this time predictions show even more worrying trends, while one has to take into account that unemployment rates had not yet even recovered to the pre-2008 levels (the EU youth unemployment rate in 2019 was still circa 14%, European Commission 2019). Furthermore, there is an alarming number of youngsters not in employment, education or training (NEET’s), an estimated 2.4 million at the end of 2017.
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