[americandream]

A FEW years ago Britain was in a panic about youth unemployment. As the economy sank, companies stopped hiring and let go of workers with the least bargaining power. The unemployment rate among 16- to 24-year-olds therefore soared (see chart). In many rich countries, the rise in youth unemployment has proved to be long-lasting: across the EU it has fallen by a mere 1.3 percentage points since 2011 and in countries like the Netherlands and Norway it has risen, raising fears that swathes of youngsters are structurally excluded from the labour market. Yet in Britain it has nosedived. The employment rate of young people not in full-time education is now at its highest since 2004. Why?

http://www.economist.com/news/britain/2 ... ysandgirls