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Jobless youths could drag on recovery

Global economy is recovering, although the young you are, the longer the time, you have work, the more likely it is that you will notice that.
A moderate recovery marked by the organisation for economic co-operation and development last week in major developed economies should be a pretty big western countries still struggling to run a huge debt relief.
But in Europe and youth unemployment and long-term unemployment, a high level of signs that growth is picking up the sustainability of the economic recession may provide little cheer.
"The rise of the long-term unemployed, unemployment insurance, moved to a more generous social welfare, the deterioration of poverty and inequality," the organization for economic cooperation and development said on Thursday that the increase of the problem is that in Europe especially bad.
Subsequent consumption demand may hinder recovery, to reach some economists call "escape velocity" and policymakers began to worry about, in the long as there is high unemployment, become harder to solve the problem.
Has more than 40% of the unemployed more than 6 months of work, is almost twice the previous postwar record two.
Reports on Tuesday even registered unemployment, employment of black spots, Spain drop may reflect more than the light in the dark, in citigroup economist, said in March down lead to tighter standards and welfare.
Anxiety - especially the policy makers and investors around the world - leave a flock of more and more young people have no job, even in the economic cycle, turn a turn, many economies may be a threat to social and political stability.
place
In recent weeks there have been more and more investment research resides in this issue, huge anti-establishment month in Italy vote in an election, and even in 2011, the conditions of the "Arab spring" uprisings, trigger link.
"Youth unemployment is rising trend all over the world threatens not only the current economic growth, political stability and potential demographic dividend," according to Credit Suisse (Credit Suisse) according to a report released late last month.
, "demographic dividend" - CS claimed that explain the rise of per capita output of developing Asia in 2000 to 44% in 30 years the number of young workers - often play inflation relative to the families of the old and the young.
But the point is, this means that the potential gains could evaporate, more and more people are idle labor force aged 15 to 24 in high level.
As the global youth unemployment rate is 12.7% - 74600000 - the international labor organization, according to data in 2012, year-on-year growth of around 1%, from before the crisis, the global problem is very clear.
More worse, the region's most fragmented social and political unrest in the past two years - in the Middle East and north Africa - more than twice as high youth unemployment, the world's average level in 2012.
Developed economies and the European Union, followed by young's unemployment rate is 18% on average.
Recent official statistics show that more than 50% of young spaniards and greeks work, more than 30% in Italy, among the highest in the group of seven countries. Bailout of Ireland and Portugal have youth unemployment is over 30%.
Youth unemployment across the euro zone is the key to the overall unemployment rate of more than twice, and the lack of connection between work and inequality, eurostat, according to data from 15 to 24 years old, the proportion of the rise in the poverty and social exclusion is six years to 2011.
Whether Europe's only problem. Last less than 10%, youth unemployment in the us in the height of the dot.com boom in 2000, and reached 17% in 2011.
NEET CUTS
Of choice for many people the real level of youth unemployment - the so-called neets or those not in employment, education or training measures - makes more surprising Numbers.
So, despite the often cited statistics, almost every second of Spain or Greece youth do, high level of tertiary education shows the neets is far less than about 18%.
Credit Suisse (Credit Suisse), however, head of research of population and pension Amlan Roy points out that the lack of the gains in creating employment opportunities for young people, there is no guarantee that those who stay in education, graduate find a job.
Last month, European Union leaders at the summit statement "youth employment plan", to set aside nearly 600 million euros, used in the worst-hit areas more than seven years.
But can not reach 1000 euros, the eu each unemployed young people, many people are sceptical of success.
"Out of contact with the longer, the more difficult it is to make up for the skills gap and feet employment ladder. Roy writes:" there is a wealth of the future and living conditions, the influence of the CS.
 



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