Washington Post, Wonk Blog
“Surprisingly,” the report reads, “young women identified finding a higher paying job, a lack of learning and development, and a shortage of interesting and meaningful work as the primary reasons why they may leave.” The No. 1 response from millennial women: "I have found a job that pays more elsewhere." In other words, they were frustrated with a lack of money and promotions. "Don’t assume we want to become mothers. And if we already are mothers, don’t assume that we’d rather have fewer hours or responsibilities.
Mail & Guardian, World Economic Forum
Africa is the richest continent in natural resources in the world. It also has the youngest population, with more than 65% of its people younger than 30 and 200-million of them aged between 15 and 24. By 2045, this figure is forecast to double and Africa will have the largest workforce in the world, surpassing both China and India. Yet it is this burgeoning, youthful population that is crippled by poverty. While Africa’s young people constitute about 40% of the continent’s working-age population, they make up 60% of the total unemployed population.
The Commonwealth Youth Programme
A major disappointment that awaits the African youth as soon as he steps into the job market with all his skills and learning is employers’ obsession with the requirement for job experience for all positions, including internship positions. Employers’ insistence on job experience for those joining their establishments is justifiable in a highly competitive economy where everyone’s focus is on maximizing returns and reducing operating costs, including those that could have been used in capacity building new employees.
They are the world’s largest and fastest growing demographic. They are also the group most affected by many of the world’s most persistent challenges. Yet, the people most affected by these challenges are frequently and consistently overlooked in the conversations about policies impacting their lives. Right now, 621 million people -- about one third of the world’s population between ages 15 and 29 -- are not in school and cannot find a job. And more than 500 million people of this age group live on less than $2 a day. We are in the midst of a global youth unemployment crisis.
The World Bank
Educators believe that they are adequately preparing youth for the labor market while at the same time employers lament the students' lack of skills. A possible source of the mismatch in perceptions is that employers and educators have different understandings of the types of skills valued in the labor market. Using economics and psychology literature to define four skills sets—socio-emotional, higher-order cognitive, basic cognitive, and technical—this paper reviews the literature that quantitatively measures employer skill demand, as reported in a preference survey.
The World Bank
A new report reveals that 40 to 50 million additional jobs are required to employ Nigeria’s rapidly growing population. Nigeria’s job market is polarized where a small share of the population is benefiting from high and diversified growth, and the vast majority is trapped in low-productivity and traditional subsistence activities. To create an inclusive job market that offers gainful employment for women and youth, the report recommends Nigeria needs to improve skills, raise the productivity of agriculture, and improve its business climate.
Solutions for Youth Employment (S4YE)
This report shows the current responses to youth employment issues are disproportionate and disjointed, and all too often ill informed. Without a renewed sense of purpose and action from us all, our good intentions outlined in the Sustainable Development Goals (SDGs) will ultimately wither—and a generation will be lost. However, this report notes that—for the first time—we have clear evidence that investments in youth employment pay off.
British Broadcasting Corporation
The number of young people not in education, employment or training (NEET) is at its lowest for the time of year since 2001, UK-wide figures show. Some 853,000 16- to 24-year-olds were NEET at the end of 2015, down 110,000 on the same quarter of 2014. But the figures also show the numbers were 5,000 higher than in the summer. City and Guilds managing director Kirstie Donnelly said it was "worrying" to see the figures "creep up after months of more positive news". The Office of National Statistics figures date back to October to December 2001 when 833,000 young people were classified as NEET, some 12.9% of the total age-group.
The MasterCard Foundation
In partnership with icipe we are embarking on an innovative project called “Young Entrepreneurs in Silk and Honey.” The project will create employment and entrepreneurial opportunities for 12,500 young people in beekeeping and silk farming in Ethiopia, all of whom are between the ages of 18-24, unemployed, out of school and earning an income of less than $2 a day. Ethiopia is the leading honey and beeswax producer in Africa. However, honey production is largely traditional, amounting to about 10 percent of production potential.
The New York Times
AT no point in recorded history has our world been so demographically lopsided, with old people concentrated in rich countries and the young in not-so-rich countries. Much has been made of the challenges of aging societies. But it’s the youth bulge that stands to put greater pressure on the global economy, sow political unrest, spur mass migration and have profound consequences for everything from marriage to Internet access to the growth of cities.