Reports Focus on Youth Global Unemployment

The Youth Unemployment Bomb – From Cairo to London to Brooklyn, too many young people are jobless and disaffected. “Inside the global effort to put the next generation to work,” By Peter Coy

  • “The highest rates of youth unemployment are found in the Middle East and North Africa, at roughly 24 percent each, according to the International Labor Organization. Most of the rest of the world is in the high teens—except for South and East Asia, the only regions with single-­digit youth unemployment. Young people are nearly three times as likely as adults to be unemployed. Last year the ILO caught a glimmer of hope. Poring over the data from 56 countries, researchers estimated that the number of unemployed 15- to 24-year-olds in those nations fell in 2010 by about 2 million, to just under 78 million. “At first we thought this was a good thing,” says Steven Kapsos, an ILO economist. “It looked like youth were faring better in the labor market. But then what we started to realize was that labor force participation rates were plunging. Young people were just dropping out.”
  • ILO report warns weak jobs recovery to continue through 2011, youth employment a world priority, 26 January 2011
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