(Youth) unemployment has been one of the central factors sparking the Tunisian revolution in 2011, although (graduate) unemployment was already a structural challenge long before 2011. The Tunisian revolution had negative impacts on the macro economy, accentuated unemployment, and raised local and global awareness for the challenge of job creation. Due to the current regional context (e.g. negative impact of the Libyan civil war on the Tunisian economy) and the challenges of the Tunisian political and institutional transformation process (e.g. high number of succeeding governments), urgent economic reforms have been reported. Recent studies predict that unemployment will remain high for the next two decades, mainly due to the demographic situation, and report that unemployment is the second most important concern for the majority of the population, right after security threats. Today, the Tunisian labour market is marked by a strong increase of higher education graduates facing an economic system dominated by sectors mainly employing non-qualified labour force. The paper identifies major factors that hinder a more fluid matchmaking between jobseekers and employers, and explores the question how these factors could be coped with. It suggests that three factors are most relevant to the existing mismatch: low job creation, little public-private co-governance in education, and inefficient employment agency. The paper argues that a comprehensive approach of employment-, education-, and private sector development is needed, for coping with the mismatch in a mid- and long-term perspective and for fostering a sustainable employment policy in Tunisia. Using the example of the education system, it develops ideas how certain reforms could provide a response to the rapidly changing (skill) needs of the labour market. These reforms could include: re-training of higher education graduates, revalorising non-academic professions, and intensifying public-private co-governance of vocational education. By tackling the skill mismatch, structural unemployment can, at least partially, be reduced, and the employability of jobseekers can be increased. The paper uses a qualitative approach based on empirical results gathered during a field study in Tunisia in 2015, including semi-structured face-to-face interviews with entrepreneurs, education experts and political decision-makers. Keywords: Tunisia, Arab Spring, social uprisings, (youth) unemployment, labour market, employment policy, employability, education policy, skill development, private sector development.