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