Saudi Press

Saudi Arabia and the world
Saturday, Feb 22, 2025

The race to stop Europe’s young and jobless from becoming a ‘lost generation’

The race to stop Europe’s young and jobless from becoming a ‘lost generation’

The pandemic has caused unemployment to rise throughout Europe. The under 29's have been particularly affected and are now having to compete with the newly unemployed with more experience. We take a look at what the EU is doing to improve employment for young people. #Realeconomy

As Europe’s economy shrinks following the outbreak of the Coronavirus pandemic, youth unemployment is on the rise. There are now 3.1 million young people aged 15-24 unable to find a job.

The number of NEETS (not in education, employment, or training) aged 15-29 ,which includes those not actively looking for work, is at 9.6 million.

EU Commissioner for Employment and Social Rights, Nicolas Schmit, says they are determined to prevent the same impact on young people that followed the financial crisis.

"We are just coming out of a period where we had a lost generation due to the financial and then an economic crisis" he says, adding "We have to prevent the new lost generation."



European solutions


The European Commission has adopted the Youth Employment Support Programme with an investment of at least 22 billion euros over the next seven years. It follows a previous investment of 22 billion euros over the past seven years to get young people into work through vocational training and apprenticeships.

Tremplin is a program in the Brussels region, funded by the European Social Fund. The Fund has a budget of € 18 million, over 7 years and 10,000 18-25 year-olds have benefited from.

Baggio's case


25-year-old Baggio used to be an electrician. But now he has completed training with Tremplin to become a roofer. He is on a youth-employment contract and hopes that this new profession will increase his income. He says he is confident he'll find work, as roofing is a job that's in demand in his region.

A 25-year-old former electrician training to become a roofer


On top of Baggio's new positive employment prospects, he also enjoys the work. He told us that "it's really meticulous and frankly pleasant work to do".

Gamze's case


19-year-old Gamze is another person who has thrived under the Tremplin programme. She is currently doing an internship in a shop which she got after training for 4 months. She tells us that she graduated from secondary school last year and didn't really know what to do. It caused her a lot of anxiety.

E-commerce trainee


After the pandemic occurred, more shops started going digital and e-commerce grew. She says that's what pushed her towards that field. She is learning how to look after online sales, manage stock, orders and social media at her internship. She even has a job interview lined up.

Across the Brussels region, the number of job seekers under the age of 25 has increased by almost 8% compared to last year and the youth unemployment rate has reached 25%. However Gamze and Baggio say they have new hope that their professional dreams can still come true.


U Commissioner for Employment and Social Rights


The Youth Employment Support package (YES) financed by the European Social Fund+ and other EU funds includes a guarantee that all those who sign up will receive an offer of a job, an apprenticeship, education, or training within four months.

Financial investment in training


Despite EU plans to invest at least 22 billion euros to support youth employment, some think it is not enough. Guntram Wolff is an economist and director of the Bruegel think-tank. He tells us that he wants to see more done. According to him, "you clearly also need national support for the young generation. The sad truth is youth unemployment doesn’t go down so quickly".

Economist and Director of Bruegel think-tank


He compares the pandemic to the last financial crisis where it took between 5 to 10 years to get back to the 2009 levels of youth unemployment. For him, the issue of how "youth is affected by the pandemic is something that needs to be on top of policy makers’ minds".

Nicolas Schmit explains that 22 billion is "an indicative figure". He tells us that it's not just 22 billion and that's it, "we have a lot of other funding now through the Recovery and Resilience Facility, so we have to use a lot of this money to create jobs and also to bring the young into these jobs".

The EU Commissioner for Employment and Social Rights states that there are jobs to be had in the EU, but that sometimes "education profiles do not match with the requirements of these jobs and therefore we have to react rapidly". He says "we have to give these young people perhaps some additional training, additional education, reorientation for the jobs which exist".

The pandemic has exacerbated youth unemployment problems in Europe. There are fewer work opportunities and young people are competing with unemployed people with more experience. The pressure is on to prevent a whole generation from being left behind.

Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Saudi Arabia and the United States Strengthen Ties Amid Global Developments
Saudi Arabia Hosts Global Conference to Promote Islamic Unity
The Impact of Artificial Intelligence on Education and Child Development
Saudi Arabia Announces Competition for Best Founding Day Outfits
Saudi-EU Food Security Officials Hold Talks to Strengthen Collaboration
Putin Expresses Gratitude to Saudi Crown Prince for Hosting US-Russia Talks
UK and Saudi Arabia Enhance Collaboration in Innovation and Technology
Denmark's Embassy in Riyadh Showcases Danish Cuisine with Saudi Influence
Saudi Artist Salman Al-Amir Unveils 'Tafawut' Exhibition in Riyadh
Saudi Arabia Offers Condolences to Kuwait Following Military Exercise Fatalities
Saudi Ministry of Islamic Affairs Completes Ramadan Preparations in Madinah
Etidal Secretary-General Hosts UN Counter-Terrorism Director in Riyadh
ADNOC Drilling Targets Over $1 Billion in Investments for 2025 Amid Gulf Expansion Plans
Derayah Financial Achieves Remarkable Growth in Saudi Brokerage and Asset Management
Saudi Arabia Shortlists 30 Firms for Mining Licenses in Eastern Province and Tabuk
Saudi Foreign Minister Engages Counterparts at G20 Meeting in Johannesburg
Oil Prices Decline Amid Rising US Inventories
Saudi Arabia's NDMC Plans Green Bond Issuance by 2025
Moody’s Affirms Egypt’s Caa1 Rating Amid Positive Economic Outlook
Oman and Saudi Arabia Strengthen Economic Ties with New Agreements
Saudi Arabia Investments Propel Expansion of Qurayyah Power Plant
Saudi Capital Market Authority Advances SPACs and Direct Listings
Global Energy Leaders Gather in Riyadh for Symposium on Energy Outlooks
Al-Ahsa Region Sees 500% Growth in Tourism as Saudi Arabia Prioritizes Development
Saudi Arabia Advances Entrepreneurial Ecosystem in Al-Ahsa with New Agreement
King Salman Approves Official Saudi Riyal Symbol
Saudi Credit Card Lending Reaches $8.4 Billion Amid Digital Payment Expansion
King Salman Approves Official Symbol for Saudi Riyal
Putin Thanks Saudi Crown Prince for Facilitating U.S.-Russia Discussions
Saudi Foreign Minister Attends G20 Meeting in Johannesburg
Saudi Arabia Prepares for Nationwide Founding Day Celebrations
Inauguration of Hira Park and Walkway Enhances Jeddah's Urban Landscape
Crown Prince Hosts Leaders for Informal Meeting in Riyadh Amid Gaza Rebuilding Plans
Saudi Official Highlights Achievements and Media's Role in National Transformation
Three Expatriate Women Arrested for Prostitution in Riyadh
Saudi Arabia's Diplomatic Evolution Highlighted at Saudi Media Forum
Healthy Eating and Preparation Essential for Ramadan Fasting
Saudi Arabia and Japan Forge Sustainable Textile Partnership
Advanced Limb Surgery Restores Mobility in Pediatric Cancer Patient
Jeddah Event Explores AI's Role in Boosting Saudi Arabia's SME Sector
UN Representative Highlights AI's Role in Perpetuating Gender Stereotypes
Saudi and Jordanian Leaders Discuss Enhanced Security Cooperation in Amman
Saudi British Society Honors Cultural Bridge-Builders at London Gala
Saudi Media Forum 2025 Explores AI's Role in Modern Journalism
Saudi Arabia's Saqer Al-Moqbel Appointed as WTO General Council President for 2025–2026
Saudi Deputy Ministers Engage in Diplomatic Discussions with U.S. and Dutch Officials in Riyadh
Saudi Arabia to Launch Iftar Program in 61 Countries During Ramadan
Saudi Visitors Expected to Spend £942 Million in UK During 2025
Saudi Arabia Gifts Kaaba's Kiswah to Uzbekistan's Center of Islamic Civilization
Digital Cooperation Organization Concludes Fourth General Assembly with Multiple Agreements
×