Career Testing
Career Testing
Career Testing
JOB SEARCH / JUN. 07, 2013
version 12, draft 12

Young Job Seekers Suffer Under Europe’s Crumbling Debts

Young job seekers are struggling to find employment as Europe’s crumbling debts continue to spiral out of control. Europe’s economic crisis has hit young adults the hardest, as more and more youths struggle to locate jobs – whether they are related to their studies or not. Of the 17 countries that use the euro currency, youth unemployment has reached a record 22% overall, with unemployment rates in countries such as Spain and Greece soaring above 50%.

The number of people out of work in the eurozone has hit an all-time high, however regardless of any economic climate, youth unemployment is almost always double the standard rate of unemployment in Europe. As young adults struggle to survive in an environment where locating jobs is near to impossible, they are looking at their alternative options in an attempt to earn money and contribute to the economy in this deprived market.

Being out of employment for a long period of time is extremely detrimental to one’s emotional, physical, social and financial wellbeing. It is therefore of vital importance that young job seekers adopt a number of measures to support them during this difficult period.

Addressing the alternatives

Voluntary work

Although voluntary work does not necessarily provide the individual with any monetary security (some voluntary schemes cover transportation fees), undertaking voluntary work carries a number of other benefits. In some respects, volunteering can be an excellent way to network with others in an industry that interests you. This can provide you with immediate connections to job opportunities.

Although unpaid, voluntary work is also psychologically rewarding, thus, during any turbulent economic climate, volunteers can feel as if they are achieving something and contributing in some way to the economy. They have a reason to get out the house, be proactive and meet people from all walks of life.

Entrepreneurship

From providing dog walking services to setting up your own work-from-home business, there are plenty of ways that you can make extra money to support yourself. A weak jobs market usually inspires many individuals to establish their own businesses, thus creating a greater number of entrepreneurs active within the market.

Work experience

Work experience, whether paid or unpaid, is another way to gain valuable experience – and connections. If the jobs market is weak within your particular industry of expertise, the first step in getting your foot in the door is to offer your services as a volunteer, in order to gain some experience. This could lead you to any number of job opportunities that you were previously unaware of.

International work

While many industries and sectors across Europe have collapsed under the pressures of the Eurozone crisis, others have remained strong.

The TEFL (Teaching English as a Foreign Language) industry is one of the most thriving industries in the world. As the demand for English language speakers increases, so too does the demand for English language teachers. By completing a TEFL course, young Europeans are able to relocate to numerous countries across the globe in order to teach English as a foreign language.Many countries, including South Korea, offer extremely generous remuneration packages.

In addition to the above, there are also a number of countries that have not been affected by the sovereign debt crisis. By investing in a particular program or acquiring the relevant visa, it is possible for young job seekers to find employment overseas.

 

 

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