Recent data shows that youth unemployment and inactivity rates have risen again after improvements seen in 2022 and 2023. This trend affects young people aged 15 to 24 globally, particularly following challenges posed by the pandemic.
1. Rising Rates: Global youth unemployment is now at 12.4%, which translates to approximately 67 million young people being unemployed. Additionally, 20% of youths are classified as NEET (Not in Employment, Education, or Training), totaling around 257 million youths.
2. Impact of the Pandemic: After a spike in unemployment due to COVID-19 in 2020, there was a gradual recovery in 2022 and 2023. However, uncertainty in global economies has halted progress, with growth remaining low and inflation high.
3. Job Quality Issues: The quality of jobs available for youth has declined, with many facing underemployment or working in jobs that do not utilize their qualifications.
4. Gender Disparities: Unemployment rates are higher among young men, while NEET status is more common among young women, who often focus on household responsibilities.
The combination of rising unemployment rates and poor job quality poses significant challenges for youth worldwide, particularly affecting women. Addressing these issues is critical for improving future employment prospects for young individuals.
https://www.zerohedge.com/personal-finance/global-youth-unemployment-and-inactivity-inch-again
No comments:
Post a Comment