Rapid action is needed to tackle growing youth unemployment, the PES said today as it warned new statistics show Europe risks creating a “lost generation”.

Eurostat figures show that across the EU youth unemployment in July remained critically high, even as countries started to emerge from lockdown. The average rate of unemployment for under-25s in the EU stood at 17%, confirming a trend that has seen the number of young people out of work increase by almost 200,000 since the start of this year.

Young people just entering the labour market or in unstable jobs are most vulnerable to the hiring freezes and redundancies linked to Covid-19, which risks creating another lost generation.

PES President Sergei Stanishev said:

“This situation has been months in the making. This is why we socialists and democrats, rapidly demanded and obtained the SURE instrument to support national unemployment schemes. Member states must now ensure that all citizens are eligible for social safety nets, regardless of age.

“The smooth recovery promised by some is failing to materialise for many young people across Europe. Every effort must now be made to reach agreement so the ambitious Recovery Plan and Multiannual Financial Framework can be quickly adopted and implemented. This way we can move ahead with national and European measures to support young people as they enter the labour market. We especially welcome the necessary proposals made by Commissioner for Jobs and Social Rights Nicolas Schmit.”

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