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Youth unemployment expect to grow worldwide

Published by Steve Coleman on May 22, 2012

Youths are expected to be under-represented in the global workforce at an even higher level over the next year.

The International Labour Office in Geneva says youth unemployment numbers, on a global scale, are expected to rise to 12.7 per cent this year.

Since the 2008 recession, the number of youths on the hunt for a job has risen by four million to an estimated 75 million. Global Employment Trends for Youth 2012 says millions more young people have given up looking for a job or gone back to school to further their educations in the hopes of finding work.

The youth unemployment picture was at 12.6 per cent in 2011 and remains a full percentage point higher that it was before the 2008 financial crisis.

The worst places to find work last year were in the Middle East and North Africa where youth unemployment rates reached 26.5 and 27.9 per cent, respectively.

 

 

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