youth unemployment

Posted Fri, 09/25/2009 - 08:51 by chuck

African Youth Unemployment Reaches 80 Percent

Posted Fri, 09/25/2009 - 16:55 by chuck

Location

Tanzania

President of Tanzania calls African youth unemployment a security threat, asks for international help

President Jakaya Mrisho Kikwete of Tanzania on youth unemployment

In a speech to the UN General Assembly yesterday, Tanzanian President Jakaya Mrisho Kikwete called youth unemployment in his region a security threat, despite improving security conditions in his region of late, with neighboring Burundi finally having settled its civil war.

Of unemployed young people, who make up 37 percent of Africa's population and 60 percent of its unemployed, Kikwete said:

They easily fall prey to war lords, criminal gangs and political manipulators to the detriment of peace and stability in their countries.

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Youth Unemployment Hurting British Nightclub Industry

Posted Fri, 09/25/2009 - 08:51 by chuck

Location

United Kingdom

British nightclub juggernaut Luminar issued a stern profit warning today, specifically blaming unemployment among young people for a sharp 5.9 percent drop in sales. The plunge in sales is measured from the 26 weeks prior to August as compared with the same period last year.

Oddly, the company reports a "higher spend per customer," with fewer customers accounting for the drop in sales, symptomatic of the greater social trend toward wealth flowing upward. People with money are still spending. In fact, they are spending more.

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