Relentlessly High Youth Unemployment is a 'Global Time Bomb'
Last month's job report shows 16 percent of young adults who consistently seek full-time employment are unable to find work. The report shows that a high number of well-educated, trained, and productive youths are among those getting denied the opportunity for a better future. The Guardian reports:
High youth unemployment causes immediate and long-term economic damage. It means young adults take longer to get married, buy homes and begin families. In the long run, it means slower economic growth and lower tax receipts. Countries with prolonged high levels of youth unemployment risk social instability.
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