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Scoop.it!
Governments are falling short of solving youth unemployment by devising policies not grounded by evidence. 
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Scoop.it!
Why the Real Unemployment Rate is Double the ‘Official’ Unemployment Rate
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As America celebrates yet another Labor Day, it’s hard not to dwell on the fact that many in the country are still looking for work. According to April figures from the Bureau of Labor Statistics, 9.8 million people actively looking were unable to find employment. Creating jobs for them might be the easiest possible way to help the millions of impoverished job seekers out of poverty.
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For most individuals in the knowledge economy, limits on daily work hours are irrelevant to economic and mental health. France thinks it may have finally found a solution, but its last efforts were unsuccessful.
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CHESTER, Pa. — The alarm rang on John Stewart’s phone at 1:10 a.m. Up at 1:30, he caught one bus north into Philadelphia a little after 2 and another bus, south toward the airport, half an hour after that. He made it into work around 3:25 for a shift that started at 4, for a job that pays $5.25 an hour, which he cannot afford to lose.
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Why are young people in America so frustrated these days? You are about to find out. Most young adults started out having faith in the system. They worked hard, they got good grades, they stayed out of trouble and many of them went on to college. But when their educations where over, they discovered that the good jobs that they had been promised were not waiting for them at the end of the rainbow. Even in the midst of this so-called "economic recovery", the full-time employment rate for Americans under the age of 30 continues to fall. And incomes for that age group continue to fall as well. At the same time, young adults are dealing with record levels of student loan debt. As a result, more young Americans than ever are putting off getting married and having families, and more of them than ever are moving back in with their parents.
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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation
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