| Monday, October 30, 2006 |
| It's not easy being young in today's world |
A new study from the International labor Office (ILO) gives interesting insights into the labor market for young people all over the world, and it does not look good.
While the youth population grew by 13.2% between 1995 and 2005, employment among young people grew by only 3.8% to reach 548 million. From the 1.1 billion young people between 15-24 worldwide, one third is either seeing but unable to find work, has given up the search entirely or is working but living on less than US$2 a day.
The Developed Economies and EU region where the only ones to show a considerable decrease in youth unemployment over the last 10 years, but the report attributed this to a declining number of young people in the labor force rather than successful employment strategies.
The highest regional youth unemployment rate was observed in the Middle East and North Africa at 25.7%. Central and Eastern Europe (non-EU) and CIS had the second highest rate in the world with 19.9%. Sub-Saharan Africa's rate was 18.1%, followed by Latin America and the Caribbean (16.6%), South East Asia and the Pacific (15.8%), the developed economies and European Union (EU) (13.1%), South Asia (10%) and East Asia (7.8%).
With the persistence of poverty among as many as 56% of young workers - and the possibility that they may be facing long working hours, temporary and/or informal contracts, with low pay, little or no social protection, minimal training and no voice at work - it becomes clear that having a job is not the same as having a decent job. The ILO report estimates that at least 400 million decent and productive employment opportunities will be needed in order to reach the full productive potential of today's youth
Read the Communication from ILO.
Read the Report
Conclusion: Entrepreneurs, support for them and education availability is needed.Labels: News |
posted by Rafa @ 7:52 AM  |
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