ILO: Global youth labor market prospects improve
2024-08-13
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China News Service, Beijing, August 12 (Reporter Liu Liang) A report released by the International Labor Organization on the 12th pointed out that the global youth employment trend is positive, but the proportion of young NEETs (Not currently engaged in Employment, Education or Training, that is, young people who are not employed, not receiving education, and not receiving training) is still high.
According to the latest report of the International Labor Organization, "Global Youth Employment Trends 2024", the employment market situation of young people in the world has improved over the past four years, and this upward trend is expected to be maintained in the next two years.
However, the report also warned that the number of NEET young people aged 15 to 24 is worrying, the post-epidemic employment recovery has not covered all groups, and young people in certain regions and many young women have not benefited from the economic recovery.
The report shows that in 2023, the global youth unemployment rate will be 13%, equivalent to 64.9 million people, down from 13.8% in 2019 before the pandemic, reaching the lowest level in 15 years. It is expected that this figure will further drop to 12.8% in the next two years.
The report also points out that young people still face other unfavorable factors in their success in the world of work. There are too many young NEETs in the world, and opportunities for decent work in emerging and developing economies remain limited. In 2023, about one in five young people in the world will be NEETs, of which two-thirds will be women.
The report points out that for young people who are already employed, there is still no progress in achieving decent work. Globally, more than half of young workers are in informal employment. Only in high-income and upper-middle-income economies do most young workers have formal and stable jobs. In low-income countries, three-quarters of young workers can only find self-employment or temporary work.
The report said that young men benefited more from the labor market recovery than young women. In 2023, the youth unemployment rates for women and men will be almost the same (12.9% for women and 13% for men), while before the pandemic, the unemployment rate for young men was higher. In 2023, the proportion of young women NEETs worldwide will be twice that of young men (28.1% and 13.1% respectively). (End)
(Source: China News Network)
