Youth jobs gains wiped out by slow economic recoveryListen /
An estimated 73.4 million young people are expected to be out of work in 2013, according to a new report by the International Labour Organisation (ILO).
The report says the sluggish global economic recovery over the past year has further aggravated the youth job crisis with queues for available jobs becoming longer and longer.
ILO says the long-term impact of the youth employment crisis could be felt for decades, creating a generation at risk of suffering decent work deficits throughout their lives.
José Manuel Salazar-Xirinachs, ILO's Assistant Director-General for Policy says more effort was needed stimulate economic growth, and at the same time, provide for massive improvements in education and training systems, and targeted youth employment actions.
"Higher growth is of course a necessary but not a sufficient condition. In parallel at the national level we recommend a set of targeted youth employment specific measures. This include interventions to ensure young people have the skills sought by employers also that small and medium size enterprises have access to credit allowing them to employ more young people. And that young people have the same working conditions and social protection as adult workers, successful interventions combining education and training with work experience, job placement including incentives for employers to hire disadvantaged youths such as wage subsidies, tax cuts or social security exceptions for a limited period.”
The report by the ILO says the Middle East continues to have the highest level of youth unemployment where nearly 30 per cent of young people are out of work.
In advanced economies, youth unemployment is almost at 20 per cent.
Patrick Maigua, United Nations, Radio Geneva