Geneva, 11 August 2022 (TDI): According to the latest report by the International Labour Organization, Youth employment is still recovering slowly, especially after the pandemic and global crisis.
📢Just launched!
Recovery in youth employment is still lagging.
The total 🌍 number of unemployed youths is estimated to reach 73 million in 2022.
6 million above the pre-pandemic level of 2019.
Ahead of #YouthDay, check out our new report 👉🏽 https://t.co/LQVHAfxEd7 pic.twitter.com/IYGRwUF3Kv
— International Labour Organization (@ilo) August 11, 2022
The report confirms that the COVID-19 pandemic has disproportionately affected young people. According to the statistics of the ILO, the total number of unemployed youths is expected to reach 73 million by 2022.
The report shows that the pandemic has exacerbated the numerous labor market challenges confronting those aged 15 to 24. Those from 15 to 24 age have experienced a much higher percentage loss in employment than adults since early 2020.
Unemployment According to the Region
The report also shows the unemployment on regional bases. Youth unemployment is expected to diverge between low- and middle-income countries and high-income countries.
According to the data of ILO, in 2022, the unemployment rate for young people in Europe and Central Asia (ECA) is estimated to be 1.5 percentage points higher than the global average – 16.4 percent versus 14.9 percent, respectively.
The Asia and Pacific region’s youth unemployment rate has reached 14.9% in 2022, matching the global average. Though, there are significant differences between sub-regions and countries.
The youth unemployment rate in Latin American countries remains concerning, with a projected rate of 20.5 percent in 2022. Young women have historically had higher unemployment rates than men, but the crisis has exacerbated this trend. In North America, youth unemployment is expected to be 8.3 percent, well below the global average.
The youth unemployment rate of 12.7% in Africa reveals that many young people have chosen to leave the labor force entirely. In 2020, one in every five young Africans was not in employment, education, or training (NEET), and the trend has been deteriorating.
The Arab States have the world’s highest and fastest growing youth unemployment rate, with 24.8 percent in 2022.
In addition, the situation is even worse for young women in the region, with 42.5 percent unemployment projected in 2022, nearly three times the global average for young women (14.5 percent).
In conclusion, according to the report, green and blue policy measures could create an additional 8.4 million jobs for young people by 2030.
