Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-24-Speech-4-252-000"
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"en.20120524.19.4-252-000"2
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"− The rise in youth unemployment is one of the biggest social challenges that we face across the European Union. In my own constituency of Northern Ireland, approximately one in five young people are currently out of work. In a recent study it is estimated that growing youth unemployment costs Northern Ireland around GBP 250 million a year in lost productivity. This equates to a cost of close to GBP 5 million per week to the local economy and is still increasing. Although the major contributing factor to the huge percentage of youth unemployment is the current economic crisis across the EU, there are also various other contributing factors that must be examined. Studies show that around 3% of young people still leave Northern Ireland schools with no formal qualifications and many more do not achieve the necessary qualifications in numeracy and literacy. Failure to attain even basic qualifications leads to significant difficulties in gaining employment and can lead to social problems and disengagement from mainstream society. Therefore it is vital that Member States put in place employment initiatives to boost employment opportunities and give our youth the chance to have a meaningful stake in society."@en1
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