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Dignified Labor Remains Evasive for Global Youth, ILO Warns
In a new report, the UN’s International Labour Organization (ILO) estimated that the global youth unemployment rate would reach 13.1 percent this year, up from 12.9 percent last year, and nearing its 2013 record high of 13.2 percent.
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In fact, some 156 million working youths in emerging and developing countries are now living in extreme poverty, meaning they have less than $1.90 a day, or in moderate poverty, which means they have to make do with under $3.10 a day.
More than two out of every 10 were unemployed youth in Organization for Economic Co-operation and Development member states were out of work for over a year in 2015, with nearly a third of unemployed youth in the 28-nation European Union having been jobless more than a year, the ILO said.
A new report finds youth unemployment around the world is set to rise this year and many young people who do find jobs will be receiving a poverty-level wage.
The increase “is driven by a deeper-than-expected recession in some key emerging commodity-exporting countries and stagnating growth in some developed countries”, lead author of the report and ILO senior economist Steven Tobin said.
In terms of development status, emerging countries were expected to see unemployment among 15-to 24-year-olds grow the most, rising from 13.3 percent in 2015 to 13.6 percent this year, affecting 53.5 million people, the report found.
Figures show that the unemployment rate in the latter is set to reach 13.7 percent in 2017, up from 13.3 percent a year ago.
The poor quality of employment continues to disproportionately affect youth, albeit with considerable regional differences. While 20 per cent of young people around the world say they would go overseas, the share is 35 per cent in sub-Saharan Africa and 28 per cent in Arab countries. For example, Sub- Saharan Africa continues to suffer the highest youth working poverty rates globally, at nearly 70%.
The situation is expected to stabilize next year, according to the ILO report.
In developed economies, there is growing evidence of a shift in the age distribution of poverty, with youth taking the place of the elderly as the group at highest risk of poverty (defined for developed economies as earning less than 60% of the median income). The challenge is particularly acute in some countries where the at-risk-of-poverty for young workers exceeds 20 per cent. The highest inclination to move overseas, at 38%, is found in sub-Saharan Africa and Latin America and the Caribbean, followed closely by eastern Europe at 37%.
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It called on policymakers to create more opportunities for young people and improve working conditions to “equip youth with the means to achieve a more equitable and prosperous future”.