The EU supports Member States in reducing youth unemployment and inactivity. The aim is to help young people develop their potential to shape the future of the EU and propel the digital and green transitions forward.
During the aftermath of the global 2008 financial crisis, youth unemployment went up from 16.0% in 2008 to a peak of 24.4% in 2013. The figures went down dramatically since, with record lows of 14.9%, just before the COVID-19 pandemic hit. However:
To build back better from the new economic downturn triggered by the COVID-19 pandemic, the Commission adopted a Youth Employment Support communication in 2020.
The 2020 Youth Employment Support package is built around four strands that together provide a bridge to jobs for the next generation:
The Commission urges Member States to step up youth employment support by making use of the significant funding available under NextGenerationEU and the long-term EU budget. At least €22 billion should be spent on youth employment support.
For example, the EU can help fund:
