30 May 2012

Young people share heavy burden of global economic crisis

Listen /

youth unemployment

Policies that are being formulated to respond to the global economic crisis are not creating job opportunities for young people.

That's the message delivered by Juan Somavia, the outgoing Director-General of the International Labour Organization (ILO) at the start of the agency's conference in Geneva on Wednesday.

Mr. Somavia said that since the 2008 financial crisis, around 30 million people have been added to the unemployed and nearly 40 million more have stopped looking for jobs.

He said youth unemployment rates are generally nearly three times that of adults.

"This is without the many millions worldwide who have become discouraged and stopped looking for work. Furthermore, those who do get a job are likely to be working part time, on temporary contracts, in the informal economy, or precarious work. There is little intergenerational solidarity when the adult generation who formulates policy, lets the young generation carry a heavy share of the burden of the crisis."

Duration: 29"

Mr. Somavia said young people are asserting themselves and refusing to accept a future of unemployment, marginal work and expensive, poor quality education.

Filed under Today's News.

M	T	W	T	F	S	S
« Apr
		1	2	3	4	5
6	7	8	9	10	11	12
13	14	15	16	17	18	19
20	21	22	23	24	25	26
27	28	29	30	31

Young people share heavy burden of global economic crisis

CONNECT