ANALYSIS OF THEORETICAL AND PRACTICAL ASPECTS OF YOUTH LONG-TERM UNEMPLOYMENT IN LATVIA

Unemployment and labour market adjustments have featured prominently among the problems of transitional economies. However, the position of young people and their transition from school to work in these new market economies has been virtually ignored. This paper deals with long-term youth unemployment problems and their integration into the labour market as viewed by different authors. The authors consider that the youth long-term unemployment is a global problem. Also, there are analysed statistical data on youth long-term unemployment, and a forecast of the youth unemployment rate for the 1st quarter of 2014 is made. The weakening of the global recovery in the years 2012 and 2013 has aggravated the youth employment crisis when there were no free jobs with adequate requirements for people without education and professional skills. The current situation promotes the trend that was already evident before the economic crisis. Most of young people are now turning to available part-time jobs or choose to study only. The author considers that the youths who have access to different resources will find more stable jobs or make their own businesses after unemployment than those lacking such different kinds of support. In building the education and employment decisions in the transition from school to work, there is a strong evidence of the importance of youths making good initial career decisions and an enduring effect of academic achievement on labour market and education outcomes.