http://www.todayonline.com/daily-focus/youth/global-youth-unemployment-rate-rising-un
Youth unemployment is likely to rise globally to 12.8 per cent by 2018, wiping out gains made in the recent economic recovery, the United Nation’s labour office said today (May 8).
As of last year, some 12.4 per cent of people aged 15 to 24 worldwide were unemployed, up from 12.3 per cent in 2011, according to a report published by the International Labor Organization, which is based in Geneva.
“The waste of economic potential in developing countries is staggering,” said Ms Sara Elder, a co-author of the report, who concluded that for many of them “a job does not necessarily equal a livelihood”.
It said that the youth unemployment rate is expected to climb to 12.6 this year — with an estimated 73.4 million young people out of work — as more of them leave the work force or give up looking for a job.
Six countries — Austria, Germany, Japan, the Netherlands, Norway and Switzerland — had rates below 10 per cent last year.
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