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This year, about 73 million young people under the age of 24 will be unemployed, predicts International Labor Organization (ILO).
The number of unemployed is two million fewer than last year, but still includes about 6 million more unemployed than in 2019.
As stated, this group workers they have been the hardest hit by the COVID-19 pandemic as they were the first to be fired as businesses around the world closed due to lockdowns and because companies stopped hiring.
“Young people who have lost or lost their jobs are particularly susceptible to scarring, a phenomenon in which their future labor market performance is worse than that of their peers, even when macroeconomic conditions improve again… a job for which they are overqualified, which may lead them to fall into the trap of careers associated with informality and low wages,” the ILO warned.
Although global production is already recovering from the fall caused by the pandemic, labor market not yet fully cured, and the economy is facing high inflation.
“The most pressing need of young people is to have an efficient labor market that provides decent employment opportunities for young people who are already part of this labor market, and quality education and training opportunities for those who are not yet included in it,” said the UN body .
Given the lack of recovery, the organization hopes that youth unemployment rate worldwide averaged 14.9% this year.
Youth unemployment in Latin America
In Latin America alone, youth unemployment will reach 20.5%. The unemployment rate is 3.6% higher than in 2019, especially for women.
ILO data show that 27% of young women in Latin America they are unemployed, that is, more than a quarter of the entire female labor force. This is 10% higher than the figures recorded for men.
On the other hand, the region also indicates that 18% of boys are neither in school nor working, and 30.5% of women under 24 are unemployed or not in training.
Until 2020, it was reported that worldwide 23.3% youth they were nini, that is, neither studied nor worked, the highest level at 15 years old.
Source: RPP
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.