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ILO Warns On Global Youths Unemployment
The International Labour Organisation (ILO), has warned of a “scarred’’ generation of young workers facing a dangerous mix of high unemployment, increased inactivity and precarious work in developedcountries.
It also increased persistently high working poverty in the developing world.
ILO gave the warning in its “Global Employment Trends for Youth: 2011 Update’’, which was released in Geneva, Switzerland.
In a statement on the report, it stated that, “the bad luck of the generation entering the labour market in the years of the Great Recession brings not only current discomfort from unemployment, under-employment.
It Added, the stress of social hazards associated with joblessness and prolonged inactivity, but also possible longer term consequences in terms of lower future wages and distrust of the political and economic system’’.
It quoted the report as noting that, “this collective frustration among youth has been a contributing factorto protest movements around the world this year, as it becomes increasingly difficult for young to find anything other than part-time and temporary work’’.
The report also said that, “in the Middle East and North Africa, for example, over the past 20 years, approximately one in four youth have been unemployed despite progress made in the education of girls and boys’’.
It showed that, “the absolute number of unemployed youth fell slightly since its peak in 2009 (from 75.8 million to 75.1 million in late 2010, a rate of 12.7 per cent) and is expected to decline to 74.6 million in 2011, or 12.6 per cent’’.
However, the report attributed this more to youth withdrawing from the labour market, rather than finding jobs.
“That if those who were either ‘hiding out’ in the education system, or waiting at home for prospects to improve included in the analysis.
The Executive Director of the ILO Employment Sector, Jose Manuel Salazar-Xirinachs, said: “These new statistics reflect the frustration and anger that millions of youth around the world are feeling’’.
Salazar-Xirinachs said that, “governments are struggling to find innovative solutions through labour market interventions such as addressing skills mismatches, job search support, entrepreneurship training, subsidies to hiring, among other things’’.
He noted that, “these measures can make a difference, but ultimately more jobs must come from measures beyond the labour market that aim to remove obstacles to growth recovery.
He continue, “such as accelerating the repair of the financial system, bank restructuring and recapitalisation to re-launch credit to small and medium sized enterprises, and real progress in global demand rebalancing’’.
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