What bothers me in this is that, quite rightly, we wish to point out that young people are angry about their lack of prospects (whether they are currently formally unemployed or not). But the neolib narrative is only too happy to up the ante on that by talking about a third or half of under-25s looking for work. Why?

Because they have labour market reforms to sell us.

The whole (seemingly endless) media saga on youth unemployment, in which the official unemployment rate is never correctly construed, is about that: what you need is labour market "reforms".