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Youth unemployment

Laureate Summit on Youth & Jobs Brings Together Leaders from Across Europe

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The summit is comprised of three panels and a concluding discussion session with former U.S. President Bill Clinton. Each of the panels represents a different perspective on the issue: business, government, and educators, with Jonas Prising , ManpowerGroup President, leading a panel of top executives from European-based business leaders in the discussion of their workforce challenges.

"The Laureate Summit on Youth and Jobs in Europe". The timeliness of this important event is reinforced by the latest figures showing youth unemployment approaching 60 percent in Greece and Spain[1]. The paradox is that while unemployment remains high, employers in Europe are still struggling to find the talent they need.

Confronting the serious challenges around youth unemployment in Europe, President Bill Clinton and His Royal Highness the Prince of Asturias addressed more than 200 government officials, business executives, academic leaders and students during a summit at the Universidad Europea in Madrid, Spain

During the summit, Prising will discuss solutions businesses can take to alleviate the talent shortage, for example embracing flexible work models and considering alternative talent sources, and partnering with local education institutions to cultivate a talent pipeline, for example apprenticeships that facilitate learning by doing.

President Clinton noted that the keys to creating jobs are to instill a spirit of innovation and restore hope to the current generation of jobless European youth.

In response to a student question about employment prospects and the uncertainty of career opportunities in her home country, President Clinton said that education is the best way to chart a path toward success. He said, “If you receive a quality education, you can be more flexible in determining your future.”

His Royal Highness the Prince of Asturias also commended those gathered for their serious commitment to a European-wide approach to incentivize job creation. “In order to tackle a problem that directly or indirectly affects societies throughout Europe and in many other parts of the world, we truly need everyone to become involved. It is a collective challenge that needs to be addressed from a wide perspective, as it has been done in this forum, before focusing on each case or particular country,” he said.

In addition to the three panel discussions and dialogue with President Clinton, global research firm Millward Brown Optimor announced the findings from a study they conducted which analyzed the connection between employability and education among young adults, ages 21–30 in Europe.

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