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Global Employment Trends For Youth 2015: Scaling Up Investments In Decent Jobs For Youth
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After the period of rapid increase between 2007 and 2010, the global youth unemployment
rate settled at 13.0 per cent for the period 2012 to 2014.1 At the same time, the number of unemployed youth declined by 3.3 million from the crisis peak: 76.6 million youth were unemployed in 2009 compared to an estimated 73.3 million in 2014. The youth share in total unemployment is also slowly decreasing. As of 2014, 36.7 percent of the global unemployed were youth. Ten years previously, in 2004, the youth share in total unemployment was 41.5 per cent. While the indicator marks an improvement over time,
it is still worthy of note that youth made up only one-sixth of the global population in 2014 (UN, 2014a) and are therefore strongly over represented among the unemployed. The 2013 edition of the Global Employment Trends for Youth (ILO, 2013a) set the premise that “it is not easy to be young in the labour market today” in the context of a stubborn jobs crisis, long job queues and increasing scarcity of stable employment. Despite some signs of “good news” presented above, the instability of the situation continues and the global youth unemployment rate today remains well above its pre-crisis rate of 11.7 per cent (in 2007). Overall, two in five (42.6 per cent) economically active youth are still either unemployed or working yet living in poverty. In the face of such statistics, it is safe to report it is still not easy to be young in today’s labour market. This year’s report shows that the number of youth unemployed in the world has declined from its crisis peak but the global youth unemployment rate remains at a stubborn 13 per cent. Recovery from the Great Recession is not universal; in developed economies, the outlook for youth entering the labour market in 2015 is more positive than those entering over the previous five years, yet the previous cohort of entrants continue to feel the costs of long-term unemployment and temporary jobs. Meanwhile, youth in developing countries are still plagued by conditions of vulnerable employment and working poverty. At the global level, as much as two-fifths of the youth labour force remain either unemployed or working yet living in conditions of poverty.
Publisher:
ILO ,   (2015 )
Type / Script:
Annual Report in English
Keywords:
EMPLOYMENT, YOUTHS, YOUTH EMPLOYMENT, DECENT WORK YOUNG WORKERS, LABOUR, LABOUR MARKET, UNDEREMPLOYMENT, UNEMPLOYMENT, ADOLESCENTS, CHILD LABOUR, DEMOGRAPHY, POVERTY, EDUCATION, LABOUR SUPPLY, LABOUR PRODUCTIVITY, POPULATION, FORCED LABOUR, EQUALITY, GENDER EQUALITY, DEVELOPMENT, ECONOMIC DEVELOPMENT, INVESTMENTS, SOCIAL PROTECTION, MIGRATION
Thematic Group:
 ILO : International Labor & Labor
Thesaurus:
12.01.00  -  Employment Promotion And Planning
Reference Link:
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