what are the asprirations of unemployment youth for their development?
Answers
clarity in concept is important...and practical knowledge ..this can help unemployment to vanish among youngsters
The global youth unemployment rate is estimated at 13.1 per cent, according to the ILO’s Global Employment Trends for Youth 2015 and World Employment and Social Outlook for Youth 2016 (71 ). This means that in 2016, 71 million youths around the world were without a job. In addition, 156 million (one in three) young workers in the developing world earn less than US$3.1 per day. In total, almost 40.8 per cent of the global youth labour force is still either unemployed or working yet living in poverty. The deterioration in the youth employment situation is particularly marked in emerging countries where the unemployment rate is predicted to rise from 13.3 per cent in 2015 to 13.7 per cent in 2017 (a figure which corresponds to 53.5 million unemployed in 2017, compared to 52.9 million in 2015). The youth unemployment rate in developing countries is expected to remain relatively stable, at around 9.5 per cent in 2016, but in terms of absolute numbers it should increase by around 0.2 million in 2016 to reach 7.9 million unemployed youth in 2017, largely due to an expanding labour force. Finally, in developed countries, the unemployment rate among youth was anticipated to be the highest globally in 2016 (14.5 per cent or 9.8 million) and although the rate is expected to decline in 2017, the pace of improvement will slow (falling only to 14.3 per cent in 2017).