Question

three reasons why young people today are more than three times as likely to be unemployed ​

Answer 1

Answer:

Increasing numbers are having to settle for part-time work or for temporary jobs. Informal employment among young people remains pervasive and skills mismatch on youth labour markets has become a "persistent and growing trend" with both over-education and over-skilling as well as under-education and under-skilling

Answer 2

Answer:

Youth unemployment causes

1. Financial crisis

Though the current youth unemployment crisis was not caused by the financial crisis alone, the recession just made existing problems in labour markets, education systems and other structures worse.

Greece and Spain, for example, were experiencing high youth unemployment years before the financial downturn, and a sudden surging of economies wouldn’t be enough to put the 74 million unemployed young people to work. Furthermore, the youth unemployment rate is two to three times higher than the adult rate no matter the economic climate.

The recession did, however, affect the quality and security of jobs available to young people. Temporary positions, part-time work, zero-hour contracts and other precarious job paths are often the only way young people can earn money or gain experience these days.

2. Skills mismatch

The skills mismatch is a youth unemployment cause that affects young people everywhere. There are millions of young people out of school and ready to work, but businesses needs skills these young people never got. Young people end up experiencing a difficult school-to-work transition, and businesses are unable to find suitable candidates for their positions.

Similarly, young people who have advanced degrees find themselves overqualified for their jobs, and many young people are also underemployed, meaning they work fewer hours than they would prefer. There is an economic as well as a personal cost here: young people are not being allowed to work to their full potential.

3. Lack of entrepreneurship and lifeskills education

While the exact cause of the skills mismatch is difficult to pin down, it’s a combination of school curriculums neglecting vocational, entrepreneurial and employability training in favour of more traditional academics, poor connections between the private sector and schools to promote training and work experience and a lack of instruction in how to harness lifeskills most students already have.