YOUTH UNEMPLOYMENT: A GLOBAL PROBLEM
- 621 million young people aged 15-24 years old are not in education, employment or training*.
- 75 million young people are trained but have no job.
- In the next decade, one billion young people will enter the labour market, and large numbers of young people face a future of irregular and informal employment.
- Almost 90% of all young people live in developing countries.
- Youth are approximately three times more likely to be unemployed than adults (2.7).
- The International Labour Organization (ILO) estimates that the global youth unemployment rate is expected to reach 13.1% in 2016 (71 million young people) and remain at that level through to 2017 (up from 12.9% in 2015).
- It is estimated that 23% of young people currently employed in the world earn less than $1.25US a day**.