Global Employment Trends for Youth report - 2022
Tags: International News
The Global Employment Trends for Youth 2022 report has been released by the International Labour Organisation (ILO) as part of the global call to action for a "human-centred recovery from the COVID-19 pandemic".
Key points of the report
According to the "Global Employment Trends for Youth 2022" report, rare unemployment among youth aged 15-24 has reached 15.6% worldwide. This is three times the unemployment rate among adults.
According to the report, the number of unemployed youth population has come down from 75 million in 2021 to 73 million in 2022. However, this number is still 6 million more than the number before the Covid-19 pandemic.
The unemployment rate in Africa is 12.7%, lower than the global average of 14.9%. This figure highlights that young people have withdrawn from the labour markets.
Schools were closed in India for 18 months. Of the 240 million school going children, only 8% in rural areas and 23% in urban areas had access to online education. As a result, 92% of children on average have lost a basic ability in language. 82% of children have lost at least one basic ability in maths.
According to the Centre for Monitoring Indian Economy (CMIE), the labour force participation rate (LPR) in India fell to 38.8% in June 2022.
The share of people in the age group of 18-21 in newly created EPF accounts has come down from 37.9% in 2018-19 to 24.1% in 2021-22.
About International Labour Organisation
It was established in 1919 by the Treaty of Versailles as an affiliated agency of the League of Nations.
In 1946, it became the first specialised agency affiliated with the United Nations.
Objective of Establishment: Social justice is essential for global and lasting peace.
India is a founding member of the ILO and has been a permanent member of the governing body of the ILO since the year 1922.
The first office of ILO in India was established in 1928.
Headquarters- Geneva, Switzerland
Director General – Gilbert Hongbo
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