In a report, the agency United Nations revealed that at a global level, the Youth unemployment rate in 2023 was 13%the lowest in the last 15 years. They also revealed that was below the rate of 13.8% recorded in 2019before the pandemic.
“Looking ahead, The global youth unemployment rate is expected to continue to decline “in the next two years to reach 12.8 percent in 2024 and 2025,” the report said. With 64.9 million young people unemployed worldwide, the total number of young people without jobs is also the lowest since 2000.
The organization reviewed the evolution of the index region by region, with America being the best performer. In the territory that includes Latin America, the Caribbean, the United States and Canada, the rate of Youth unemployment has fully recovered from the Covid-19 crisis and reached 11.8% in 2023This is the lowest figure in two decades.
Youth unemployment fell globally, but they warn that the decline was not “universal”
The The recovery of employment after the Covid-19 pandemic, however, has not been universal. “Young people in certain regions and many young women are not benefiting from the economic recovery,” says the ILO. But “for young people in the Arab States, East Asia, South-East Asia and the Pacific, the youth unemployment rate in 2023 was higher than in 2019,” the organization stresses.
At the same time, he warned of the worrying number of young people between 15 and 24 years old who are unemployedneither studying nor receiving training. The study reveals that in 2023, one in five young people – 20.4% of the world’s population – was neither employed, nor studying, nor receiving training. Two out of three unemployed young people are women, according to the report by the organization UN.
As for the recovery of the labour market, young men benefited much more than women. The unemployment rates Unemployment among young women (12.9%) and of the young men in 2023 were almost the same (13%)in contrast to the years before the pandemic, when the rate for young men was higher.
The ILO warned about the precariousness of young people’s jobs
In addition, it alerted the international community due to the impact of job insecurity. At a global level, More than half of young workers have informal employmentnotes the ILO. “Opportunities for access to decent work remain limited to emerging and developing economies,” it says.
In this regard, the report also indicates that the “global trend towards precarization of the workforce is a source of Growing anxiety among young people who are striving to advance toward economic independence and the next stages of adult life.”
“None of us can hope for a stable future when millions of young people around the world lack decent work and, as a result, feel insecure and unable to build a better life for themselves and their families.”stressed the Director General of the ILO, Gilbert F. Houngboin a statement.
Source: Ambito
