Youth employment crisis easing but far from over

This article is brought to you through the meticulous study of International Labour Organization as a source.

Despite a mild recovery in the 2012-2014 period, the youth unemployment rate remains well above its pre-crisis level. For millions of young people around the world finding a decent job is still a drawn-out uphill struggle.

GENEVA (ILO News) – The global youth unemployment rate has stabilized at 13 per cent following a period of rapid increase between 2007 and 2010 but it is still well above the pre-crisis level of 11.7 per cent, according to the ILO’s Global Employment Trends for Youth 2015 report released today.

The report highlights a drop in the number of unemployed youth to 73.3 million in 2014. That is 3.3 million less than the crisis peak of 76.6 million in 2009.

Compared to 2012, the youth unemployment rate has decreased by 1.4 percentage points in Developed Economies and the European Union and by half a percentage point or less in Central and South-Eastern Europe (non-EU) and CIS, Latin America and the Caribbean and Sub-Saharan Africa. The remaining regions – East Asia, South-East Asia and the Pacific, the Middle East and North Africa – saw an increase in the youth unemployment rate between 2012 and 2014, or no change in the case of South Asia.

Because of a shrinking youth labour force, the youth unemployment rate remains stubbornly high despite a decline in the number of unemployed youth. In fact, the rate is expected to creep up to 13.1 per cent in 2015, according to the report’s projections.

Almost 43 per cent of the global youth labour force is still either unemployed or working yet living in poverty.”

Sara Elder, the report’s lead author

“It is encouraging to see an improvement in the youth employment trends compared to the GET for Youth 2013,” says Sara Elder, the report’s lead author.

“But we shouldn’t lose sight of the fact that recovery is not universal and that almost 43 per cent of the global youth labour force is still either unemployed or working yet living in poverty. It’s still not easy to be young and starting out in today’s labour market.”

More young women and men in education but still facing a difficult labour market transition

Global shares of youth in the total labour force, whether employed or unemployed, are decreasing over time. One reason is that more young people (although still not enough) are participating in education.

However, millions of young people in low-income countries continue to leave school to take up jobs when they are too young. According to the report, 31 per cent of youth in low-income countries have no educational qualifications at all, compared to 6 per cent in lower middle-income countries and 2 per cent in upper middle-income countries.

Youth unemployment rates by region, 1995 and 2005−14 

The report also highlights a persistent gender gap with the rates of young women’s participation in the labour market being significantly lower than those of young men in most regions. They continue to be also more exposed to unemployment than their male counterpart.

More young people in developed economies are now finding work but the quality of jobs is below their expectations. And still too many remain stuck in long-term unemployment. In the European Union, more than one in three unemployed youth has been looking for work for more than one year.

Meanwhile, developing economies continue to be plagued by structural underemployment, informal employment and working poverty. While working poverty (living on less than US$2 per day) has decreased over the past 20 years, it still affects 169 million (one in three) young workers in the developing world. The number increases to 286 million if the near poor are included (living on less than US$4 a day).

The report offers new evidence on how young people move into the labour market based on data from recent school-to-work transition surveys (SWTS)* . For young people who aspire to a stable job, the transition period takes an average of 19 months. A young person with university education is able to move to a stable job in one-third of the time needed for a youth with primary education. In most cases the transition takes longer for young women than men.

Time to scale up action: Investing in skills and in quality job creation

Rapid changes in technology, in patterns of work and employment relationship, as well as new forms of start-ups, require constant adjustment to new labour market conditions and addressing skills mismatches.

Providing youth the best opportunity to transition to a decent job calls for investing in education and training of the highest possible quality, providing youth with skills that match labour market demands, giving them access to social protection and basic services regardless of their contract type, as well as levelling the playing field so that all aspiring youth can attain productive employment regardless of their gender, income level or socio-economic background.

It is time to scale up action in support of youth employment.”

Azita Berar Awad, Director of the ILO’s Employment Policy Department

“We know that today’s youth do not face an easy labour market transition and with the continued global economic slowdown, this is likely to continue, but we also know that greater investment in targeted action to boost youth employment pays off. It is time to scale up action in support of youth employment,” says Azita Berar Awad, Director of the ILO’s Employment Policy Department.

A combination of efforts that place priority on job creation and target the specific disadvantages of young people are required to reap the benefits of public and private investments and of other measures to restore economic growth.

“The 2030 Sustainable Development Agenda ,” Berar Awad continues, “and its emphasis on youth employment in Goal 8, provides a new opportunity to mobilize broad global partnerships to support action on a more significant scale. Increased investment is needed to alleviate the scars of the crisis on the present generation as well as to ensure more inclusive labour markets and societies.”

*  The Global Employment Trends for Youth 2015  report includes data from 30 school-to-work transition surveys (SWTS) from the Work4Youth project, a global partnership between the ILO and The MasterCard Foundation.

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Italian electoral results to change Eurozone climate and weight on the Cyprus issue

5G in Russia: a local and global view on the way forward, in association with The European Sting

Thursday’s Daily Brief: Safeguarding civilians, strengthening Ebola response in DR Congo, marking Fistula Day, updates on CAR and Syria

Stateless Rohingya refugee children living in ‘untenable situation’, UNICEF chief

London to say hello or goodbye to Brussels this week

EU Emergency Trust Fund for Africa: new actions of almost €150 million to tackle human smuggling, protect vulnerable people and stabilise communities in North Africa

The crunch ‘COP 24’ UN climate change conference: what’s at stake and what you need to know

How digital entrepreneurs will help shape the world after the COVID-19 pandemic

2019: An unpredictable, confrontational and financially ominous year

ITU Telecom World 2019 will take place on 9-12 September in Budapest, Hungary

Is Europe ready to cooperate with the rest of the world? Can Germany change its selfish policies?

We can meet the SDGs using the wisdom of crowds. Here’s how

Draghi repels Trump’s threats, rejects Schauble’s dictums

China is a renewable energy champion. But it’s time for a new approach

Societies must unite against ‘global crisis of antisemitic hatred’, Guterres urges

4 lessons on human cooperation from the fight against Ebola

REACT-EU: EU support to mitigate immediate effects of the COVID-19 crisis

Trade war or not New York bankers will have it their way

How Africa and Asia are joining forces on universal healthcare

Devastating storms like Hurricane Florence ‘unusual this far north’: UN weather agency

Commission launches new edition of the Cultural and Creative Cities Monitor 2019

Finland has giant supermarkets that only stock second-hand goods

EU trade agreements deliver on growth and jobs, support sustainable development

From ‘strength to strength’ UN-African Union security partnership growing, Security Council hears

Why it’s time to take central banks’ digital currencies seriously

Brexit may finally not really happen; The Brits have second thoughts

Coronavirus (COVID-19) update: Busting the myth by looking at the facts

The Ecofin deceives the SMEs with the EIB €10bn capital increase

‘Embrace the transformation’ to a carbon-neutral world by 2050, UN chief tells COP25

Removing sweets from supermarket checkouts could help fight obesity

Aid funding for Occupied Palestinian Territories at ‘all-time low’

4 innovative renewable energy projects powering Europe’s green future

‘Cataclysmic events’ in Hiroshima, Nagasaki, began ‘global push’ against nuclear weapons says Guterres, honouring victims

Female African coders ‘on the front-line of the battle’ to change gender power relations: UN chief

US and China in painstaking efforts to conclude trade talks

Horse meat runs faster than authorities…

If a virus could sing … Could this musical version of COVID-19 help us defeat the disease?

Compensation for damages by the State for infringement of EU law: the European Commission refers Spain to the Court of Justice for its rules on the compensation for damages incurred by private parties

Amid pandemic detours, mental health matters

How to make primary healthcare a favourable career choice for medical students: Strategies and reflections

Brexit: MEPs concerned over reported UK registration plans for EU27 citizens

5 amazing people fighting to save the oceans

Eurozone’s north-south growth gap to become structural

Lithuania should find its own way in the EU

Children are forgetting the names for plants and animals

How to promote Primary Healthcare to the Young Healthcare Workforce?

UN and partners call for solidarity, as Venezuelans on the move reach 4.5 million

What the COVID-19 pandemic teaches us about cybersecurity – and how to prepare for the inevitable global cyberattack

Will the three major parties retain control of the new EU Parliament?

5 surprising ways digital technology is changing childhood

The story of 2018, in 10 charts

3 ways AI will change the nature of cyber attacks

Celebrating Gaston Ramon – the vet who discovered vaccinology’s secret weapon

India’s economy is an ‘elephant that is starting to run’, according to the IMF

State aid: Commission approves €9 billion Italian “umbrella” scheme to support economy in coronavirus outbreak

What options the new President of Ukraine has?

Negotiated two-State solution still ‘the only option’ for Palestine: Guterres

Some endangered languages manage to thrive. Here’s how

Meet the woman prescribing books as a cure

What does ‘excess deaths’ mean – and can it give a clearer picture of the number of coronavirus fatalities?

More Stings?

Advertising

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s