Jobless youth will have big cost for world economy
Youth joblessness is stubbornly high through much of the developed world ` and that underutilized capital will take a big bite out of long-term economic growth in many countries.
The most extreme case is Ireland, where about 30 per cent of young people are without work. A new paper by senior economist Martin Schwerdtfeger of Toronto-Dominion Bank estimates the impact of that joblessness will amount to about 12 per cent of GDP over the next two decades. Spain and Greece come next, with lower ` but still `significant` impacts at more than 6 per cent.
Read the full article here.
Youth joblessness is stubbornly high through much of the developed world ` and that underutilized capital will take a big bite out of long-term economic growth in many countries.
The most extreme case is Ireland, where about 30 per cent of young people are without work. A new paper by senior economist Martin Schwerdtfeger of Toronto-Dominion Bank estimates the impact of that joblessness will amount to about 12 per cent of GDP over the next two decades. Spain and Greece come next, with lower ` but still `significant` impacts at more than 6 per cent.
Read the full article here.
Spain's registered jobless number rises by 132,000 to 4.98 million in January
MADRID - The number of people registered as unemployed in Spain is bordering on 5 million as the country remains mired in recession.
Labour Ministry figures released Monday showed the registered jobless figure surged by 132,055 in January to 4.98 million.
Read the full article here.
MADRID - The number of people registered as unemployed in Spain is bordering on 5 million as the country remains mired in recession.
Labour Ministry figures released Monday showed the registered jobless figure surged by 132,055 in January to 4.98 million.
Read the full article here.