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We cannot close the demographic gap retroactively, but we certainly can close the skills gap — through education. Clearly, education is the key to youth employment, and this is where both government and industry must take action to engage and inspire young people.
Youth unemployment represents one of the most significant barriers to economic and social development throughout the world, John Studzinski is Senior Managing Director and Head of Financial Advisory at Blackstone says in this guest blog for CNBC.
David Arkless, the President of Corporate and Government Affairs at Manpower, travels the world speaking to governments and businesses about one thing: talent.
As unemployment amongst the young soars, the boss of private equity giant Blackstone has called for those under 25 to be equipped with better life skills.
At the global level, the youth unemployment rate in 2009 was 2.7 times higher than the adult unemployment rate. In four of nine regions the ratio went beyond 3. Why are youth unemployment rates so much higher than adult rates?
Youth joblessness around the globe is reaching crisis proportions, leaving as many as 100 million young people unable to find a job or lead productive and purposeful lives. The rise in youth unemployment also robs communities and countries of an historic opportunity to boost economic growth and prosperity.
As young people who've suffered directly from long-term unemployment, we're sure of one thing: youth joblessness is a massive challenge—but one that can be overcome through innovation.
For young people to have meaningful work, they need education, skills, and opportunity. They have to be ready to join the labor force, and there must be jobs for them to take.
The International Labor Organization has been looking at ways companies can invest in young people while at the same time driving profitability.
Home inventories hit a new high, housing starts start to recover and GSE reform goes nowhere.
The jobless rate barely budges, more finance pros head to China and vocational schools become more popular.
The bond rally keeps going, M&A activity booms and the IPO market slows down.
America's "Number 1 domestic problem," the federal deficit, took center stage on Wednesday morning as President Obama's bipartisan deficit commission released its findings. Some members of the 18-member bipartisan deficit commission, appearing on CNBC Wednesday, weighed in with their thoughts. To read the full report,
Think the Bush tax-cut debate doesn't apply to you? Think again. Find out which tax cuts are set to disappear next year.
Bill Clinton could sniff the political winds better than most 20th-Century politicians...President Obama is much more committed to his ideological slant, but that won't help his dream if he is a one-term President.
With their newly won power, Republicans in Congress have the opportunity to exert pressure and hopefully exact cooperation from Democrats. But they must keep in mind that the voting public is watching with a distrusting eye, and can withdraw that power in two years if it is not exercised to the advantage of their own wellbeing.
For every effective business, data drives decision making from the cubicle to the boardroom. Without supporting data, new projects and products are not funded, people are not added, and marketplace conditions are not understood. This basic principle of American business is starting to take hold in American education. As a result of better data in recent years, America has awakened to its dropout epidemic.
Next week brings November's employment report, a critical bit of data in a week likely to be dominated by readings on the U.S. economy and the developing debt crisis in Europe.
More than 14 million Americans are unemployed today and that number is growing. In that reality, five people I know lost their jobs last week. One of them was me.
It may not have felt like a red-hot summer, but in the three months between July and September, US businesses netted more money than in any quarter since the government started keeping records.