MATRIX – Strategic Mapping of Youth Unemployment
MATRIX seeks to address the issue of youth unemployment by equipping young people with the appropriate employability skills.
Grant Agreement Number: 2021-2-PL01-KA220-SCH-000049662
Funded by: Erasmus+ Duration: 01/10/2022 – 30/09/2024
In January 2022, 2.5 million young persons (under 25) were unemployed in the EU, of whom 2 million were in the euro area. In 2/3 of European economies, youth unemployment remains above 20%, and more than 1 in 3 unemployed young people have been looking for work for more than a year.
At the same time, even in countries with low youth unemployment (e.g. Germany 5,7%) less qualified young people, particularly those without a vocational qualification, have much higher unemployment rates than the more qualified ones.
Young people who have difficulty finding their first job can jeopardise their entire employment future. Chances are that they will work in less skilled environments and do so for less money for the rest of their lives.
Studies have shown that among the key factors of youth unemployment are the labour market structure and the lack skills relevant to market needs. Therefore, addressing the skills mismatches could be the answer to boosting youth employment.
MATRIX aims to boost youth employment by giving VET schools new labour market trends and contents in order to better match labour market skills requirements and learners’ skills.