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08-26-2016, 04:33 AM
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Youth unemployment swelling worldwide: ILO
GENEVA: The number of unemployed young people is set to swell by 500,000 worldwide this year to reach 71 million, marking the first hike in three years, the UN said on Wednesday.
In a new report, the UN’s labour agency estimated that the global Youth unemployment rate would reach 13.1 percent in 2016, up from 12.9 percent in 2015, and nearing its 2013 record high of 13.2 percent. The increase "is driven by a deeper than expected recession in some key emerging commodity-exporting countries and stagnating growth in some developed countries," said Steven Tobin, a senior eco**mist at the International Labour Organisation and the lead author of the report. The situation was meanwhile expected to stabilise in 2017, according to the ILO report. Perhaps of greater concern than stubbornly high Youth unemployment, the report warned, was that more than a third of young people who have a job are living in extreme or moderate poverty, compared to just over a quarter of working adults. Breaking down the numbers by region, the report showed that Arab states -- hard-hit by a range of geopolitical tensions -- count the world’s highest Youth unemployment rate, at above 30 percent. Within the region, young people in oil-exporting countries like Oman, Qatar and Saudi Arabia were expected to face the greatest jobless rates amid a slowdown in growth and tighter fiscal policies, the report said. **rth African countries also registered a Youth unemployment rate near the 30-percent mark. In terms of development status, emerging countries were expected to see unemployment among 15-to 24-year-olds grow the most, rising from 13.3 percent in 2015 to 13.6 percent this year, affecting 53.5 million people, the report found. أكثر... ??????? ??????: Youth unemployment swelling worldwide: ILO || ??????: ahlam1399 || ??????: اسم منتداك
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