World youth unemployment rate lowest in 15 years

In 2023, there will be 64.9 million unemployed youth, the lowest figure since the turn of the millennium. The youth unemployment rate is 13%, down from 13.8% before the pandemic in 2019, and is expected to fall further to 12.8% this year and next.

Students attend a job training class in India. Photo: Reuters

However, a report by the International Labour Organization (ILO) warns that many young people, especially women, are not benefiting from the economic recovery, with unemployment rates remaining high in regions such as the Middle East, East Asia, and Southeast Asia.

The rate of young people not in employment, education or training (NEET) is also a concern, with the figure reaching 20.4% in 2023. Two-thirds of these are women, with the NEET rate among young women at 28.1%, much higher than the 13.1% among young men.

The ILO also highlights that more than half of young workers globally are employed in the informal sector, and that only in high- and upper-middle-income economies do the majority of young people have stable and secure employment.

ILO Director Gilbert F. Houngbo said the lack of stable jobs and social protection is leaving many young people worried about the future and feeling insecure.

“We can hardly expect a stable future when millions of young people around the world do not have decent jobs, and therefore cannot build better lives for themselves and their families,” he said.

Hong Hanh (according to Reuters, CNA)

Source: https://www.congluan.vn/lien-hop-quoc-ty-le-that-nghiep-cua-thanh-nien-the-gioi-thap-nhat-trong-15-nam-post307330.html