The report—a collaborative effort between the International Labour Organization and ADB—finds that the employment prospects of the region’s 660 million young people are severely challenged. They will be hit harder than adults and risk bearing higher longer-term economic and social costs. The report urges governments to engage with young people in policy and social dialogue and to adopt urgent, large-scale, and targeted interventions. These need to focus on labor market policies such as youth-targeted wage subsidies and public employment programs, and measures to mitigate disruptions to education and training.
Contents
- Introduction
- Youth and the Labour Market in Asia and the Pacific before the COVID-19 Pandemic
- Impact of the COVID-19 Crisis on Youth Employment – Preliminary Evidence
- Estimated Youth Job Losses and Youth Unemployment for the Year 2020
- Policy Recommendations to Tackle the Regional Youth Employment Crisis
- Annex: Methodology for Estimating Youth Job Losses and Unemployment