Youth unemployment has risen by more than three percent since the pandemic broke out.
Minister of Finance Magdalena Andersson is worried that unemployment for young people will be long-term and inclusive before 2021.
- Many young people who would take their first steps in the labor market have now instead got stuck in long-term unemployment.
It is really not a good way to start your adult life, says Magdalena Andersson to Ekonomibyrån.
In the spring, when the pandemic broke out, many feared that unemployment would be higher than it has been so far.
- If we had not had these support measures, the crisis would have been much worse, says economist Cecilia Hermansson.
"Can lead to increased crime"
The former moderate party leader Anna Kinberg Batra, just like the Minister of Finance, says that youth unemployment can be long-lasting.
- If you look at shops, hotels, hotels and restaurants where many people get that important first job, I think there can be labor market effects in the long term.
She believes that the extensive support packages have led to several companies being saved from bankruptcy, but that the financial support is only temporary.
- After the crisis, entire industries will come again.
It can be tough for those who have not yet gained a foothold in the labor market, says Anna Kinberg Batra.
Former Social Democrat Minister of Trade and Industry Leif Pagrotsky also sees clouds of unrest.
- The completely overshadowing danger is the young people who have been kept out of the labor market for several years may never be allowed to enter.
But all that entails with risks of increased crime and social problems, says Leif Pagrotsky.
A bold policy with high ambitions is needed to prevent widespread youth unemployment, he thinks and adds:
- It is an ambitious and tough goal, but the alternatives are frightening, says Leif Pagrotsky.
See the entire episode of Ekonomibyrån in SVT Play.