GENEVA — Global youth unemployment is at its lowest level for 15 years, the United Nations said Monday, though not all regions have yet recovered from the Covid-19 slump.
The number of 15- to 24-year-olds who are not in employment, education or training is concerning, the UN's labor agency said, adding that the post-Covid-19 pandemic recovery has not been universal in all regions.'Young people in certain regions and many young women are not seeing the benefits of the economic recovery,' the International Labor Organization said.At 64.
Getty Images via AFPNEET worriesThe ILO's Global Employment Trends for Youth 2024 report cautioned over the growing casualization of work for young people -- and the widening gap in the supply of young graduates and the number of suitable jobs for them to take up.It said too many young people were NEETs and opportunities to access decent jobs were limited in emerging and developing economies.The NEET rate stood at 20.4 percent in 2023 — and two in three NEETs are women.The NEET rate was 28.
Getty Images via AFPInsecurity'None of us can look forward to a stable future when millions of young people around the world do not have decent work and as a result, are feeling insecure and unable to build a better life for themselves and their families,' said ILO chief Gilbert F. Houngbo.
Youth Unemployment Rate Lowest For 15 Years UN
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