GENEVA: World youth unemployment is at its lowest degree for 15 years, the United Nations stated on Monday (Aug 12), although not all areas have but recovered from the COVID-19 droop.
The variety of 15- to 24-year-olds who aren’t in employment, training or coaching (NEET) is regarding, the UN’s labour company stated, including that the post-COVID pandemic restoration has not been common in all areas.
“Younger individuals in sure areas and plenty of younger ladies aren’t seeing the advantages of the financial restoration,” the Worldwide Labour Group stated.
At 64.9 million, the full variety of unemployed younger individuals worldwide in 2023 was the bottom because the begin of the millennium, the ILO stated.
At 13 per cent, the youth unemployment fee final yr represents a 15-year low and a fall from the pre-pandemic fee of 13.8 per cent in 2019, it stated.
“It’s anticipated to fall additional to 12.8 per cent this yr and subsequent,” it added.
“The image, nonetheless, isn’t the identical throughout areas. Within the Arab States, East Asia and South-East Asia and the Pacific, youth unemployment charges had been larger in 2023 than in 2019.”
