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NEWS REPORT:

In nearly every country in the world, youth unemployment is much higher than general unemployment.

Unfortunately, the pandemic only exacerbated matters. During a crucial stretch of their early careers, young adults were locked out of entry-level jobs, destroying their ability to pick up work experience and potentially impacting their long-term earnings.

Now, nearly three years after COVID-19 first hit, young adults from some countries, like China, are struggling to find jobs. Using data from the OECD and the National Bureau of Statistics of China, Visual Capitalist’s Pallavi Rao and Niccolo Conte chart out the youth unemployment rate for 37 countries.

At the top of the list, Spain has the highest youth unemployment in the OECD, with nearly one in three young adults unable to find a job.

ℹ️ Unemployed people are those who report that they are without work, are available for work, and have taken active steps to find work in the last four weeks. The youth unemployment rate is calculated as a percentage of the youth labor force.

A mismatch between educational qualifications and the labor market has been cited as a significant reason for Spain’s lack of employed adults between the ages of 15–24.

Meanwhile, the country’s reliance on temporary contracts and dependence on seasonal sectors—like tourism—to generate jobs are some of the many reasons for its persistently high reported unemployment across demographic groups.

Source – Read More!


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End Times Prophecy Watch is an online ministry focused on sharing the Gospel and end times related news pertaining to end times bible prophecy. Our mission is to keep people informed on the times and season we are living in. We are focused on remaining obedient to our calling!