News

2013.12.16 10:25

Unemployed youth will be provided with youth guarantees

DELFI.lt 2013.12.16 10:25

From 2014 Lithuania will begin to implement a new initiative, according to which €6 billion are planned to be allocated in 2014-2020 to increase youth employment and to effectively solve the issue of youth unemployment, writes The Baltic Course with reference to the news agency ELTA.

 From 2014 Lithuania will begin to implement a new initiative, according to which €6 billion are planned to be allocated in 2014-2020 to increase youth employment and to effectively solve the issue of youth unemployment, writes The Baltic Course with reference to the news agency ELTA.

“The key aim of the Youth Guarantees is to ensure that all young people under 25 get a good-quality, concrete offer, including job, apprenticeship, traineeship, within four months of them leaving formal education or becoming unemployed,” said the Minister of Social Security and Labour Algimanta Pabedinskienė.

As reported, based on data provided by Eurostat, the statistical office of the European Union, in October 2013, 5.657 million young persons (under 25) were unemployed in the EU, of whom 3.577 million were in the euro area.

Compared with October 2012 youth unemployment decreased by 29 000 in the EU, but increased by 15 000 in the euro area. In October 2013, the youth unemployment rate was 23.7 per cent in the EU and 24.4 per cent in the euro area, compared with 23.3 per cent and 23.7 per cent respectively in October 2012.

Meanwhile, in October 2012 the seasonally-adjusted youth unemployment rate in Lithuania was 25.2 per cent, while in October 2013 it has decreased to 22.2 per cent.