Connect with us
The clever new way to send money abroad

European Union

The global challenge of youth unemployment

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.

Published

on

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.

 

Click to comment

Leave a Reply

Asean

ASEAN and EU conclude the world’s first bloc-to-bloc Air Transport Agreement

The AE CATA is the world’s first bloc-to-bloc air transport agreement and will bolster connectivity and economic development among the 37 member states of ASEAN and the EU.

Published

on

The Association of Southeast Asian Nations (ASEAN) and the European Union (EU) and its Member States have concluded the negotiations on the ASEAN-EU Comprehensive Air Transport Agreement (AE CATA) at the Extraordinary ASEAN-EU Senior Transport Officials Meeting held virtually on June 2.

(more…)
Continue Reading

Asean

ASEAN Overtakes EU to Become China’s Top Trading Partner in Q1 2020

The Association of Southeast Asian Nations (ASEAN) became China’s largest trading partner in the first three months of 2020, surpassing both the EU and the United States.

Published

on

The Association of Southeast Asian Nations (ASEAN) became China’s largest trading partner in the first three months of 2020, surpassing both the EU and the United States.

(more…)
Continue Reading

Most Read

Recent