Our model from Europe is itself under great scrutiny; and we must adapt our strategy and our timetable as we absorb the lessons we have been learning from that troubled experiment.
Youth employment improved modestly, though young women, in particular, continue to face very challenging labour market conditions (Chart 2). Unfortunately, in recent months the second wave of the virus interrupted the jobs recovery. More than a quarter of a million jobs were lost in the past two months, with the pain again falling disproportionately on women and youth.