Youth unemployment creates worldwide risks

Wed, 08/05/2013 - 17:19 -- nick

The dire worldwide unemployment situation for young people is storing up grave risks for the future, the International Labour Organisation (ILO) has said.

In its Global Employment Trends for Youth 2013 report, the ILO warns the global recession has become so entrenched in some countries that many young people have given up looking for work.

Across the globe, young people are more than three times as likely as other adults to be unemployed.

The ILO estimates that 73 million or 12.6% of young people worldwide are jobless, 3.5 million more than in 2007, and this upwards trend is expected to continue at least until 2018.

Much of this is centred in the developing world, but the European Union is also suffering more than most.

The scenario is shared with the UK, which recently saw youth unemployment rise towards the 1 million mark, with many more underemployed and working fewer hours than they want.

The government introduced its Youth Contract in 2012 offering young people work and training opportunities, but unemployment among this group has risen by 20,000 in the last three months.

The ILO warns that persistent worklessness among the group could lead to an increase in social unrest, potentially making the issue worse.

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