Youth employment amidst cooling labour demand

David Chaloupka and António Dias Da Silva

Economic Bulletin Boxes, 2026, vol. 5

Abstract: Have labour market prospects deteriorated more for young workers than for the aggregate labour market? This box analyses labour market developments across age and skill groups in relation to economic activity. It shows that in recent quarters young workers have indeed faced a more difficult job market. However, taking the relation with developments in real GDP into account, Okun's law residuals suggest that this weakness remains broadly in line with normal cyclical dynamics, also reflecting the higher sensitivity of young workers to the economic cycle and strong employment growth during the post-pandemic recovery. JEL Classification: E24, J23

Keywords: artificial intelligence; labour demand; youth unemployment (search for similar items in EconPapers)
Date: 2026-08
Note: 686280
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