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 This figure highlights that young people have withdrawn from the labour markets.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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