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The International Labor Organization (ILO) has announced the fact that the world labor market for young people is improving in the last four years. Although the labor market, which shrank after the covid-19, has not yet returned to its previous state, it has been said that the last four years have been improving for the employment of young people.
The ILO on Monday released a report on the "situation of global employment for youth". The report says that while the labor market for young people is improving, the situation of decent employment, education and skills training is still a matter of concern. "Unable to find employment, education and training, young people are under increasing stress," said the report. is .
ILO Director General Gilbert F. Hongbo also said that millions of young people around the world feel insecure because of lack of decent work. "None of us can hope for a stable future when we are unable to build a quality life for ourselves and our families," he said. At the center of all these three is the decent employment that young people get. The
report states that the situation of young people in the age group of 15 to 24 years who do not have employment, education and training is worrying. According to the ILO, the youth unemployment rate has dropped to 13 percent in 2023 out of 649 million labor force.
Whereas, in 2019, the youth unemployment rate before Covid was 13.8 percent. This year, the youth unemployment rate is expected to drop to 12.8. Youth unemployment rates were higher in 2023 than in 2019 in the Arava region, East Asia and the Pacific. He He said that millions of youth are losing opportunities for a happy future due to lack of equal opportunities for education and decent employment. According to the
report, many young people around the world are facing various barriers to success in the world of work. In countries with emerging and developing economies, youth have limited access to decent employment. The
report shows that young people in the labor force are less likely to find decent employment. Globally, more than half of young people are involved in informal employment . Only high and upper-middle income economies have a higher number of young people in regular employment . In low-income economies, three out of four people are self-employed or engaged in temporary employment.
The ILO has urged young people in the world of work to plan on ways to strengthen their hopes for a brighter future . The report recommends investing in skills with everyone's participation.
