This International Youth Day (12/08/2012) approaches as unemployment surfaces as one of the top challenges young people are facing around the globe. ”Over 75 million young people still have no formal job. Young people are three times more likely than adults to be unemployed”, Lars Thunell, CEO of the International Finance Corporation (IFC).

A snapshot of youth unemployment:

  • Today, 50% of the world’s population is under 27 years old. According to the International Labour Organization, youth comprise 40% of the 200 million people who are unemployed worldwide
  • In Africa there are almost 200 million people aged between 15 and 24, a number that is set to double by 2045, Currently, this age group comprises 60% of Africa’s unemployed. See a country by country overview of the continent.
  • Youth living in an OECD country are two or three times more likely to be unemployed than their elders.
  • Overall, more than 1 in 5 young people in the labour market in France, the UK , Sweden, Poland, Ireland and Italy are unemployed.
  • Youth unemployment in Spain went from 17.4% in March 2007, to 51.1% in March 2012.


About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

New round of EU sanctions targets Myanmar military’s Oil and Gas cash cow

In previous sanctions rounds against Burma by the EU, MOGE was left untouched. The new round of sanctions is a new step by the international community against the Burmese military.

Thailand to speed up FTA negotiations with EU

The negotiations towards a Free Trade Agreement with Thailand were originally launched in October 2005. Two rounds of negotiations have been held between 2005 and 2006. The negotiations were on hold from 2006 to 2022.

Russian Invasion to Shrink Ukraine Economy by 45 Percent

The war is also hitting hard the emerging and developing economies of Europe and Central Asia, a region that was already heading for an economic slowdown this year from the ongoing effects of the pandemic