Youth unemployment ‘costs Ireland billions’

Ireland is losing billions of euro because it is failing to tap the potential of its youth due to high unemployment and low levels of participation in jobs training and education, according to an international report.

PwC found that Ireland is near the bottom of the league of the group of OECD wealthy countries, mainly because of our relatively high rate of youth unemployment.

The accountants found that Ireland out of 34 countries is ranked at 29th in a league that scores individual countries for their youth unemployment rates and their performance in vocational training for the young.