European Union Unemployment Soars Due to Skills Mismatch Crisis
The article explores why some European countries have high unemployment rates. It looks at how economic growth affects unemployment for different groups of workers, like young, older, and low educated people. The study also examines how mismatches in skills, like education and job type, impact unemployment. The findings show that young and low educated workers are more affected by changes in economic growth, while older workers can adapt better. Mismatches in job skills have a long-term impact on unemployment for all groups, especially during economic crises when the economy changes faster than the job market and education system can keep up.