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Global youth unemployment is at its lowest level in 15 years will continue to decline, despite labor instability leading to “Growing anxiety” The International Labour Organization (ILO) said on Monday.
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The UN agency also warned in a report that The number of young people aged between 15 and 24 who are not working, studying or in training is worrying.
However, the job recovery following the Covid-19 pandemic has not been universal.
“Young people in some areas and many young women are not benefiting from the economic recovery”The International Labour Organization said.
In the Americas region, which includes Latin America and the Caribbean as well as the United States and Canada, youth unemployment has risen from In 2023, this proportion reached 11.8%, the lowest figure in twenty years.
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Globally, the youth unemployment rate was 13% in 2023, the lowest level in the past 15 years, lower than the unemployment rate in 2023. This proportion was 13.8% registered in 2019 before the outbreak.
“Looking ahead, the global youth unemployment rate is expected to continue to decline over the next two years, reaching 12.8% in 2024 and 2025,” Indicates report.
64.9 million young people are unemployed worldwide. The total number of young people without a job is also the lowest since 2000.
but “For young people in the Arab States, East Asia and Southeast Asia and the Pacific, youth unemployment rates will be higher in 2023 than in 2019,” Emphasis on organism.
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The report also states that “The global trend towards the casualisation of the workforce is a source of growing anxiety among young people struggling to achieve financial independence and the next stage of their adult lives.”
“None of us can expect a stable future when millions of young people around the world lack decent jobs and therefore feel insecure and unable to build a better life for themselves and their families.”Gilbert Houngbo, Director-General of the International Labour Organization, stressed in a statement.
The International Labour Organization says more than half of young workers worldwide are in informal employment. “Access to decent work remains limited to emerging and developing economies,” Point out.
Research shows that by 2023, one in five young people — 20.4% of the world’s population –– I have no job, no studies, no training. Two thirds of these young people are women.
In addition, young men benefited much more from the labor market recovery than women. In 2023, the unemployment rate for young women (12.9%) and young men (13%) was almost the same. There was a higher proportion of young men then compared to pre-pandemic years.
AFP
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