Rabat – King Mohammed VI has called on the Moroccan government to put youth at the center of new development model Speaking on the 65th anniversary of the Revolution of the King and People, the King said that Morocco’s rising number of unemployed youth is one of the biggest impediments to the realization of the aspirations and development projects the North African country has heavily invested in for the past decade. Describing Morocco’s youth as “the country’s true wealth,” the King promised that despite major obstacles to come, “we seek to rise to the challenge of completing the construction of modern Morocco; a revolution through which we aim to give Moroccans the place they deserve in life, especially our young people.” The King instructed the government to devise an “integrated strategy” to upgrade education and training in Moroccan universities and vocational schools and create an attractive work environment for … [Read more...] about King Promises Strategy to Tackle Youth Unemployment, Social Disparities
Hispanic & Black Unemployment also hit lowest rates ever recorded Texas Insider Report: WASHINGTON, D.C. — President Trump celebrated on Friday, after the Bureau of Labor Statistics reported Thursday that the youth unemployment rate declined to 9.2% in July 2018 — the lowest Summer Youth Unemployment rate since 1966. But youth aren’t the only ones who have been helped by the strength of the surging U.S. economy. The continued expansion has provided additional employment opportunities for minorities in the labor market. Trump has often touted that black and Hispanic unemployment have touched record lows in recent months. Hispanic Unemployment fell to 4.4% in May, and Black Unemployment hit 5.9% in the same month, both the lowest ever recorded. The youth labor force consists of 16 to 24-year-old who are seeking work. The youth workforce swells each summer as high school and college students seek summer jobs, and new college graduates pursue permanent … [Read more...] about Youth Unemployment at Lowest Level Since 1966, a Half-Century Low
There's a good news/bad news situation with youth unemployment. More young Americans -- defined by the Bureau of Labor Statistics as people between the ages of 16 to 24 -- are working this summer, pushing the unemployment rate for the group to a 52-year low. But there's a catch: the labor force participation rate for young Americans remains below its 1989 peak. The latest government data suggests that young Americans who want to find work are having an easier time of it. Yet the lagging labor force participation rate points to a longer-term trend of teens and college-age students opting for summer school, volunteer work or other unpaid activities. That's because some teens and their parents believe that may give them a better shot at getting into a competitive college or landing a lucrative job when they're out of college. Yet summer jobs can help students perform better in the classroom when they return to school, according to research from Stanford's Jacob Leos-Urbel. … [Read more...] about Youth unemployment hits a 50-year low, but there’s a catch
The unemployment rate among young Americans fell to its lowest level in more than 50 years this summer, though the share of young people looking for work remained well below its peak in 1989. Of Americans between 16 and 24 years old actively looking for work this summer, 9.2% were unemployed in July, the Labor Department said Thursday, a drop from the 9.6% youth unemployment rate in July 2017. It was the lowest midsummer joblessness rate for youth since July 1966.... … [Read more...] about Youth Unemployment Hits 52-Year Low
This article first appeared in The Edge Financial Daily, on August 13, 2018. -A +A KUALA LUMPUR: Most Malaysians would blame rising youth unemployment on a failing education system. However, the problem stems from the fact that employers, education providers, the government, and the youth are all living in “parallel universes”, said Li-Kai Chen, partner and lead for Global Education Practice, McKinsey and Company. “These stakeholders have different understandings, work differently and do not connect,” said Chen in a phone interview with the The Edge Financial Daily. As a reflection of that, Chen cited that 70% of education providers surveyed by McKinsey said graduates and new hires are adequately prepared for the job market, but only 40% of employers and 45% of youths feel the same. Youth unemployment in 2017 in Malaysia was at an alarming three times the national average unemployment rate of 3.3%. The unemployment rate among youths aged 15-19 was at 15.4%, and … [Read more...] about Youth unemployment: A matter of parallel universes?