International Labour Organization’s Report “World Employment and Social Outlook 2016: Trends for Youth” states that global youth unemployment expected to rise in 2016 for the first time in three years and the equally disturbing high levels of young people who work but still live in poverty.
Report estimated that the global youth unemployment rate is expected to reach 13.1 per cent in 2016 and remain at that level through to 2017 (up from 12.9 per cent in 2015).
As a result, the number of unemployed youth is set to rise by half a million this year to reach 71 million – the first such increase in three years.
Of greater concern, is the share and number of young people, often in emerging and developing countries, who live in extreme or moderate poverty despite having a job. In fact, 156 million or 37.7 per cent of working youth are in extreme or moderate poverty (compared to 26 per cent of working adults).
Calling for redoubled efforts to achieve sustainable economic growth and decent work, she also noted that the report highlights wide disparities between young women and men in the labour market that need to be addressed by ILO member States and the social partners urgently.
In Latin America and the Caribbean, the unemployment rate is expected to increase from 15.7 per cent in 2015 to 17.1 per cent in 2017; in Central and Western Asia, from 16.6 to 17.5 per cent; in South Eastern Asia and the Pacific, from 12.4 to 13.6 per cent.
The report also finds that globally, the share of young people between 15 and 29 years old who are willing to move permanently to another country stood at 20 per cent in 2015.
The highest inclination to move abroad, at 38 per cent, is found in sub-Saharan Africa and Latin America and the Caribbean, followed closely by Eastern Europe at 37 per cent.
The poor quality of employment continues to disproportionately affect youth, albeit with considerable regional differences.
