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OECD says youth joblessness worsening in Italy, Europe

Long-term unemployment can permanently damage citizens

OECD says youth joblessness worsening in Italy, Europe

Paris, May 30 - Unemployment among youth in Italy and across Europe is worsening, the Organization for Economic Co-operation and Development (OECD) warned Thursday. In Italy, 21.5% of those under 25 years of age are out of work and not involved in education or training, the agency reported. And about 11% of these are completely discouraged and disillusioned, which is a concern for their future, added OECD employment division director Stefano Scarpetta. Reintegrating such disillusioned people into the job market will be "difficult," he said. And the numbers don't capture the full impact, or "scarring" effect that could make it permanently hard for such people to ever find stable, skilled employment and thus, contribute fully to the economy. Italy ranks fourth among OECD countries in terms of highest percentage of unemployed youth under 25 - well behind Greece and Spain which have a 50% youth jobless rate, and Portugal with 40%.

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