The lack of youth employment doesn't depend on a lack of demand of services, but rather on financial limitations in the economy. The next step needed might need to be building the infrastructure for a complementary economy of service exchange.
There is so much talk about finding ways to allow youth to find existing employment possibilities, and I believe that making the job search easier does not hurt. However, it strikes me that what is missing in a recession is not a lack of demand for services, but a lack of money to pay for them. A lack of work does not mean that there are not things to be done, and instead of using the monetary system to delay the transfer of services in an economy, it should be as possible to trade services between individuals.
This is the network generation, and through using the infrastructure in place - facebook, linkedin, and other social networking sites, as well as looking at integrating a spatial representation of these possibilities as other concepts have highlighted using things like google maps, it should be possible to develop a system to transfer services and skills even outside of the immediate social network where this most commonly takes place.