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The economic crisis has left us with a number of challenging legacies, including high unemployment – particularly for youth. In many European countries, youth unemployment averages around twice the adult rates. Other groups are also affected. Women, immigrants and seniors all have higher levels of labour market inactivity or poorer labour market outcomes. OECD projections suggest that these challenges are unlikely to be resolved soon.
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Despite some signs of recovery from the recent economic crisis, European labour markets continue to face many challenges. Unemployment continues to be one of the top political priorities of European governments and the question on everybody’s mind is “how can we create jobs?”. The jobless recovery has made it very difficult for young people to enter the labour market for the first time and difficult for unemployed and inactive people to move into employment. This will have lasting effects, for both the individuals and for society.
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Among the greatest social and economic challenges currently faced by European Union governments are the persistent high level of unemployment and the rising proportion of the population at risk of poverty and social exclusion. This chapter discusses the role of inclusive entrepreneurship policies in addressing these challenges. It also provides a roadmap for the rest of the book.
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