Gap Inc. understands both hiring math and competitive strategy when it comes to filling entry-level jobs in its 3,000-plus Gap, Banana Republic, and Old Navy stores. Across the U.S., nearly 6 million entry-level jobs will be created from 2012 to 2022, according to the Bureau of Labor Statistics. With low unemployment, the competition for talent remains fierce. Gap is joining a growing corps of large companies that are turning to an overlooked pool of entry-level talent: the 5.5 million 16-to-24-year-olds, called “opportunity youth,” who are out of school and out of work.
The MasterCard Foundation & Michigan State University
Africa has the youngest population in the world, with almost 200 million people between the ages of 15 and 24—a number that is expected to double by 2045 (African Economic Outlook 2015). Although many jobs have been created by Africa’s growing economies, job creation has not been enough to accommodate the expanding youth population. The International Labor Organization estimates that only 16 million of 73 million jobs created in Africa between 2000 and 2008 were filled by youth. Sixty percent of Africa’s unemployed are youth, even more are underemployed, and youth unemployment rates are double those of adult unemployment in most countries (African Economic Outlook 2015). Across 34 African countries, citizens regard unemployment as the top problem facing their nations (Dome 2015).
Every year, the Ready by 21 National Meeting brings together hundreds of leaders from around the country who are working to get all young people ready by 21 – for college, work and life. These leaders have dedicated themselves to improving the odds for children and youth through collective impact initiatives, policy alignment and program quality improvement. Our Sixth Annual National Meeting will be held in the Music Capital of the World – Austin, Texas – March 29-31.
The Commonwealth Secretariat is bringing together young entrepreneurs from across West Africa with the intent of setting up a new regional youth alliance, writes Musa Temidayo, a young Commonwealth Correspondent from Lagos in Nigeria. Never have I been more convinced about the importance of creating a supportive and thriving ecosystem for young entrepreneurs, and a stronger platform that will operate not just on a national setting but with a regional outlook.
The United Nations Food and Agriculture Organization (FAO)
The United Nations Food and Agriculture Organization (FAO) has partnered with the New Partnership for Africa’s Development (NEPAD) to generate job and business opportunities for young people in rural Benin, Cameroon, Malawi, and Niger, thanks to a $4 million grant from the Africa Solidarity Trust Fund. A new agreement was signed today by FAO Director-General José Graziano da Silva and NEPAD Planning and Coordination Agency (NPCA) Chief Executive Officer Ibrahim Assane Mayaki that will enable the four countries to create and implement policies in support of enterprise development in rural areas.
On February 16 and 17, 2017, The MasterCard Foundation is hosting its second annual Young Africa Works Summit. This invite-only event will bring together a community of 300 thought leaders from NGOs, government, funders and the private sector committed to developing sustainable youth employment strategies in Africa. It will also directly involve young people to help understand and explore their journeys, including the challenges they face, in securing meaningful economic opportunities.
With 1.8 billion people between the ages of 15 and 29, the world is home to more young people today than ever before. Close to 87 per cent of them live in developing countries. Young people make up approximately one quarter of humanity, but in many countries, especially in South Asia and Africa, one in three people is a young person. Demographic trends and projections make it clear that the proportion of young people in the global population is declining and it is predicted to fall below 20 per cent by 2075. The next few decades, therefore, are an unprecedented window of opportunity for the world, and developing countries in particular, to reap the promise of this ‘demographic dividend’.
This week thousands of policy-makers, experts, NGOs and urban-minded citizens of all stripes are convening in Quito, Ecuador to discuss the New Urban Agenda at Habitat III – a significant global convening that occurs every 20 years. And, in a couple weeks, amid the costumes and candy, ghosts and goblins of Halloween, the world will mark UN World Cities Day on October 31st. For good reason, youth are part of the conversation. In today’s global landscape, two demographic patterns should stand out: rapid urbanization and large youth populations. These patterns are especially robust across developing nations. This week thousands of policy-makers, experts, NGOs and urban-minded citizens of all stripes are convening in Quito, Ecuador to discuss the New Urban Agenda at Habitat III – a significant global convening that occurs every 20 years. And, in a couple weeks, amid the costumes and candy, ghosts and goblins of Halloween, the world will mark UN World Cities Day on October 31st. For good reason, youth are part of the conversation. In today’s global landscape, two demographic patterns should stand out: rapid urbanization and large youth populations. These patterns are especially robust across developing nations.
Eritrea faces wide scale youth unemployment, pushing many young people to brave their chances and migrate in search of better opportunities. To address these issues, a project by the National Union of Eritrean Youth and Students (NUEYS), with financial support from Norway, Japan and UNDP, is providing youth with vocational skills and training to help them find jobs. The trainings take six months and range from graphic design to metalwork, woodwork, beekeeping, hairdressing, pottery and electric installation.
In the Youth Empowerment Challenge we are collaboratively designing solutions that expand economic opportunities for youth in East Africa. The continent of Africa is home to more young people than anywhere else on Earth. Youth in Africa have the potential to unleash the economic power of the continent – and lift millions out of poverty – but only if they have access to the skills, information and resources they need to achieve economic stability.