More than eight million young people across the EU are formally categorised as NEETs - not in employment, education or training. Professor Mark Levels explained to Real Economy why this group is in a precarious situation and how the EU is responding.
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00:05 In 2003, more than 11% of 15 to 29 year olds in the European Union were categorized as NEETs.
00:13 The acronym stands for Not in Education, Employment or Training, and there are approximately 8 million of them in the EU.
00:20 Young people often fall into this category when they have difficulty transitioning from school to work.
00:26 Generally, they have a low level of education, family difficulties and physical or emotional problems.
00:33 A higher NEET rate can fuel social exclusion and aggravate poverty.
00:38 The scale of the issue varies across the block.
00:41 For instance, NEET numbers range from nearly 5% in the Netherlands to more than 19% in Romania.
00:47 But finding these young people jobs could help employers address the skills shortages they face.
00:53 Brussels wants to slash NEET levels across the EU to 9% by 2030 as part of its plans to enhance employment and social rights.
01:02 (audience applauding)