Just so, what are the problems of youth unemployment?
Consequences of youth unemployment It can also negatively affect the physically well-being of youths, impede their skills development, potentially cause youth homelessness and a lower output, loss of human capital and increased poverty, especially in developing countries.
Furthermore, what are the challenges of unemployment?
The challenges are enormous and complicated by higher education fees, political unrest, terrorism, and poor governance. But the opportunities are abundant too. Young people cannot rely on public sector jobs for economic security, as those avenues are already super-saturated.
What is the main cause of youth unemployment?
According to the World Economic Forum, the main causes of youth unemployment include: A lack of quality of education and relevance to the needs of the labour market.
Why is unemployment a challenge?
Professor Vimal Ranchhod, an economist at UCT, says, “Long-term unemployment leads to unfulfilled human potential over a lifetime and can affect people’s sense of self worth and cause depression. Poverty rates are higher and this affects individuals, their families and their communities.”