When Dunia Skaunicova graduated in media marketing from Prague's Metropolitan university she quickly found a dream first job at a startup in the Czech capital, where companies were fighting to snap up multi-lingual graduates.
PRAGUE - When Dunia Skaunicova graduated in media marketing from Prague’s Metropolitan university she quickly found a dream first job at a startup in the Czech capital, where companies were fighting to snap up multi-lingual graduates.
“I have been to five or six interviews in person during the last two months, but it is more like a casting because there are so many people,” said Skaunicova, 24, who speaks Czech, English and French and is looking for a job as a marketing manager. Before the coronavirus outbreak, the Czech Republic had the lowest youth jobless rate in Europe of barely 5% following a protracted economic boom. Yet in the year to May, unemployment among those aged 15-24 jumped by just over a half to 34,000.
“Periods of unemployment during one’s youth can have a negative impact in later life, which justifies the term of a lost generation,” Tamesberger said.The London-based Resolution Foundation think-tank studied three decades of UK economic data to reach similar conclusions. Youth unemployment across Europe took years to recover from the financial crisis and remained stuck at around 30% in countries such as Spain and Greece - a figure Tamesberger and others predict could now soar to 45%.
“We are not going to have camps - or at least there won’t be in the usual way, we still don’t know what will happen,” said Bragado, from the Castile city of Zamora.For Bragado and others facing months of uncertainty and loss of income, the onus is now on policymakers to prevent a worse wave of youth unemployment than seen after the 2008/09 crisis.
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