YOUTH UNEMPLOYMENT IN UKRAINE AND ITS CONSEQUENCES Hanna Shevchenko IE-10-01 STRUCTURE Introduction Main body - Youth unemployment and causes of this problem. - Consequences of youth unemployment. - Possible solutions to this problem in Ukraine. Conclusion Youth Unemployment and Causes of This Problem Youth unemployment is some form of unemployment associated with the period from leaving school to inclusion in the workforce. Unemployed young people are a special social group which does not have such values as a job associated with its prestige, wealth and general recognition at certain time. Youth Unemployment in Europe February 2013 30,8 2008 21,1 10,2 26,2 Great Britain 7,7 58,4 55,7 38,2 France Great Britain 22,2 17,6 France Germany Germany Spain Spain Italy Italy Portugal Greece Ireland 37,8 13,8 10,2 15,9 Portugal Greece 20,4 20,7 Ireland According to sociological surveys in recent years Ukraine has faced such problems of employment as: •the reducing number of employees in the country, • growth of labor mobility, • increasing number of employees in the shadow sector etc. Youth Unemployment in Ukraine 25 23,8 21,4 20,4 20 18,2 18 16,6 18,7 17,1 16,2 15,8 16 2006 2007 2008 17,6 17,9 2010 2011 18,6 % 15 10 5 0 1999 2000 2001 2002 2003 2004 2005 2009 2012 Consequences of Youth Unemployment 1. It is accompanied by poverty, significant deterioration of population's living standards. 2. The inability to find a job in the homeland makes youth look for the one abroad, which leads to the outflow of labor force and brain drain. 3. Unemployment leads to the aggravation of the crime situation because people have no other way to get money. 4. Youth unemployment is particularly alarming because young people are the future of the country. Knowing about mass unemployment, young people stop taking education seriously, so it is rather difficult to find an expert. It shouldn’t be overlooked that most crimes are often committed by youth. Possible Solutions to This Problem in Ukraine The following measures could reduce unemployment among young people aged 15 to 24: to develop and adopt a special Law which would involve extensive use of flexible working time and fix the conditions of temporary and seasonal contracts to provide the special projects for financing active measures to promote youth employment to develop and implement an effective mechanism for financial and other support to enterprises, institutions and organizations participating in the program on youth employment. It is quite possible that such measures will not only have a positive impact on the unemployment rate in the country but also subsequently the economic level of development as a whole. Conclusion Youth unemployment today is not only a problem of Ukraine, it has reached a global level, and requires immediate action in our country and in others. An effective solution to the problem of youth unemployment will give impetus to the development of the national economy, contribute to the formation of Ukraine as a stable, developed and prosperous nation.