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ILO says youth unemployment worldwide is still much up pre-crisis level
09.10.2015 08:02 "Agro Perspectiva" (Kyiv) —
Over 73 million young people are out of work in the world and the number is set to increase amid an uneven global economic recovery, UN Radio says referring to the International Labour Organization (ILO) Thurs report (released annually).
As to the report, the global youth unemployment rate is now still much up against pre-financial crisis levels.
The countries worst affected are those in the Middle East and North Africa, where around three in 10 young people are unemployed.
As to the report, in 2014 the global youth unemployment rate was 13%.
Reportedly, getting a job now is still harder than it was before the financial crash in 2008.
The jobless rate is expected to get a little higher in 2015 too.
As to the report, richer countries - such as those in the European Union - have had most success in reducing unemployment among 15 to 24 year-olds since 2012, but only by 1.4%. And in non-EU east European countries, Latin America, the Caribbean or sub-Saharan Africa, the youth jobless rate fell by just half a per cent.
Besides, nearly all the remaining regions covered in the ILO report - Asia and the Pacific, but particularly the Middle East and North Africa - saw youth unemployment rise, sometimes from already high rates of around 30%.
The study also highlights a persistent gender gap in unemployment.
The ILO report also offers evidence on the value of education, indicating that young people who’ve been to university find a stable job in one-third of the time it takes a primary school-leaver.
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