India: Global youth unemployment hits 15-year low, likely to fall further: UN | Indian affairs
It doesn’t matter to them development four years ago, all over the world youth job demand has hit its lowest level in 15 years and may continue to decline, the International Labor Organization (ILO) said, adding that Asia has abandoned the trend.
In its report entitled “Global Employment Trends for Youth 2024 (GET for Youth), the ILO stated that 64.9 million people between the ages of 15 and 24 worldwide were unemployed last year , good for a rate of 13% and in the Arab countries, East Asia and the Pacific, the youth unemployment rate was higher in 2023 than in 2019.
The report finds that young men have benefited more from the labor market recovery than young women. Unemployment rates for youth and young men in 2023 were almost the same (at 12.9 percent for young women and 13 percent for young men), unlike in the pre-pandemic years when the rate for young men was it is high. And you worldwide The NEET pass rate for young women is double that of young men (at 28.1 percent and 13.1 percent respectively) by 2023.
“The report reminds us that the opportunities for young people are not enough; with many young women, young people with limited income or from any disadvantaged background struggling. Without equal opportunities for education and decent jobs, millions of young people lose their chances for a better future,” said Gilbert F Houngbo, Director-General of the ILO.
The ILO has called on people to come together to combat the concerns of young people about the world of work and strengthen their hope for a brighter future.
In a message to young readers, the report’s authors ask them to add their voices to calls for change. “You have the opportunity to influence policy and advocate for decent work for all. Know your rights and continue to invest in your skills,” the message says. “Be part of the change we all need to ensure a more just and inclusive world.”
The ILO warns young people between the ages of 15 and 24
In the report, the ILO highlights the challenges young people face in the labor market. The report notes that the number of young people not in employment, education, or training (NEET) is a cause for concern. By 2023, one in five young people worldwide was NEET, and two out of three of them were women. The report also points out that opportunities for decent jobs are still limited in developing and emerging economies, with more than half of young people employed in informal jobs.
Lack of progress in finding good jobs is a big issue for young workers. The report states that “only in countries with high and top incomes are the majority of young people working today in regular, secure jobs. a job that pays.” Continued high NEET rates and insufficient growth in good jobs are causing growing anxiety among today’s youth, who are also the most educated youth group. .
Houngbo emphasized the importance of good work for young people, saying, “None of us can expect a stable future when millions of young people around the world do not have good work, and as a result, feel insecure and unable to build a good job. Life for them and their families depends on three main things: stability, inclusion, and social justice;
What are the report’s findings
In its report entitled “Global Employment Trends for Youth 2024 (GET for Youth), the ILO stated that 64.9 million people between the ages of 15 and 24 worldwide were unemployed last year , good for a rate of 13% and in the Arab countries, East Asia and the Pacific, the youth unemployment rate was higher in 2023 than in 2019.
The report finds that young men have benefited more from the labor market recovery than young women. Unemployment rates for youth and young men in 2023 were almost the same (at 12.9 percent for young women and 13 percent for young men), unlike in the pre-pandemic years when the rate for young men was it is high. And you worldwide The NEET pass rate for young women is double that of young men (at 28.1 percent and 13.1 percent respectively) by 2023.
“The report reminds us that the opportunities for young people are not enough; with many young women, young people with limited income or from any disadvantaged background struggling. Without equal opportunities for education and decent jobs, millions of young people lose their chances for a better future,” said Gilbert F Houngbo, Director-General of the ILO.
The ILO has called on people to come together to combat the concerns of young people about the world of work and strengthen their hope for a brighter future.
In a message to young readers, the report’s authors ask them to add their voices to calls for change. “You have the opportunity to influence policy and advocate for decent work for all. Know your rights and continue to invest in your skills,” the message says. “Be part of the change we all need to ensure a more just and inclusive world.”
The ILO warns young people between the ages of 15 and 24
In the report, the ILO highlights the challenges young people face in the labor market. The report notes that the number of young people not in employment, education, or training (NEET) is a cause for concern. By 2023, one in five young people worldwide was NEET, and two out of three of them were women. The report also points out that opportunities for decent jobs are still limited in developing and emerging economies, with more than half of young people employed in informal jobs.
Lack of progress in finding good jobs is a big issue for young workers. The report states that “only in countries with high and top incomes are the majority of young people working today in regular, secure jobs. a job that pays.” Continued high NEET rates and insufficient growth in good jobs are causing growing anxiety among today’s youth, who are also the most educated youth group. .
Houngbo emphasized the importance of good work for young people, saying, “None of us can expect a stable future when millions of young people around the world do not have good work, and as a result, feel insecure and unable to build a good job. Life for them and their families depends on three main things: stability, inclusion, and social justice;
What are the report’s findings
- The growth of “modern” services and manufacturing jobs for young people is limited, although modernization can be brought to traditional sectors through digitalization and AI.
- There are not enough high-skilled jobs for the supply of educated youth, especially in middle-income countries.
- Keeping technological development in line with the evolving needs of green and digital skills will be important to reduce educational mismatches.
- The growing number of conflicts threatens the future livelihoods of young people and may push them to migrate or become extremism.
- Demographic trends, especially the ‘youth movement’ of Africa means creating enough decent jobs, which will be important for social justice and the global economy.
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