World Economic Forum & Huffington Post
Unemployment — and the lack of necessary skills for employment, particularly among youth under age 25 — is one of the issues I hear about most as I speak with world leaders, hotel owners and employees in the thousands of communities where Hilton operates. It’s no surprise why: The Economist estimates that there may be as many as 290 million 15-to-24-year-olds not participating in the labor market. These 290 million bright minds — a group almost as large as the U.S.
International Labour Organization-Geneva
The ILO's "World Employment and Social Outlook 2016: Trends for Youth" provides updated figures on global and regional youth unemployment. It also looks at working poverty rates, decent work opportunities in both developed and developing economies as well as gender inequalities and migration trends among young people. Global economic growth in 2016 is estimated to stand at 3.2 per cent, 0.4 percentage points lower than the figure predicted in late 2015. The downward revision is a result of recessions that were deeper than expected in some key emerging commodity-exporting countries, including Argentina, Brazil and the Russian Federation.
The World Bank
Young people are up to 4 times more likely to be unemployed than adults. And, even when they find work, it is more often insecure or in the informal economy where pay is low, conditions variable, and benefits non-existent. The ILO estimates that nearly a third of youth who are employed are still poor, living below $4 a day. Young women are often at a disadvantage with prospects further marred by educational, social, and institutional constraints: as many as 85% percent of young women in the Middle East and North Africa, South Asia, and Sub-Saharan Africa regions are working in vulnerable employment.
The Commonwealth Youth Program
To mark International Youth Day 2016, on 12 August, the first-ever Australian National Youth Development Index report has been launched with support from the Commonwealth Secretariat. The index measures the situation for 6.3 million young people aged 10 to 29 in Australia, and examines changes between 2006 and 2015 across five domains: education, health and well-being, employment, civic participation and political participation.
On International Youth Day we celebrate young people — their courage, passion, optimism and their current and future contributions to our world. Today marks a day to reflect on what we have learned in the youth development community and where we are headed. One thing is for sure: It’s a young person’s world out there. There are currently about 1.8 billion people between the ages of 10 and 24. And they represent a tremendous opportunity for our planet.
Unemployment can lead to social as well as economic problems, writes Jonathan Ugiagbe, 30, a Correspondent from Benin in Nigeria, who examines causes and potential solutions to a pervasive issue. One of the greatest challenges facing the Nigerian economy is unemployment, which has maintained a rising trend over the years. Viewing this from the perspective of the recent events in the Middle East, where unemployment and poverty are among issues that played a key role in the uprising, one can only conclude that Nigeria’s unemployment poses a threat to development, security and peaceful co-existence.
“The mentality of youth in Senegal is changing. These days, young Senegalese aren’t waiting for job opportunities to fall from the sky. They are actively working towards creating them for themselves, and for other youth.” These words, spoken by 30 year old Thierno Niang, a social entrepreneur and co-founder of Rev’evolution, a youth run, self-funded start up incubator, struck a chord with me. Thierno and I were discussing his role as a panel moderator for the Youth Forum on Employment, Training, and Inclusion: A Knowledge-Sharing Event for Sub-Saharan Africa, the first ever youth event of its kind organized by the World Bank office in Senegal.
The MasterCard Foundation
The release of the 2015-2016 MasterCard Foundation Youth Think Tank Report is the culmination of ten months of effort from our Youth Think Tank participants. These are dedicated, committed young researchers who take their responsibilities seriously and now join an alumni network of close to 30 members across Africa. It also represents the efforts and commitment of Restless Development and the Foundation to the meaningful engagement of young people. Since its inception in 2011, the Youth Think Tank has evolved. Through our partnership, we’ve increased the number of young researchers, deepened the scope and extended the duration of the research.
The World Bank
Amadou Fall Ba is not your average Senegalese manager. Dressed in jeans, a t-shirt, and a wide-brimmed baseball cap that only leaves his head for formal occasions, he doesn’t fit the mold of a suited up professional that many youth are presented as the model of today’s African success. That’s because he’s represents a homegrown alternative to this mold, a different kind of success story that excels outside the corporate sphere and that is attracting talented young people that are looking to create their own professional opportunities.
International Labor Organization
To help inspire and prepare young people for a rapidly changing and highly competitive job market, the GE Foundation is launching an innovative learning programme to provide 16 to 18 year olds with a practical work experiences in STEM careers for the workforce of tomorrow. On the occasion of the UN’s World Youth Skills Day , the GE Foundation in partnership with the International Labour Organization (ILO), have committed to quality, workplace-based experience for an under-served and critical age group. The programme, called the Global Youth Internship Programme, will start in Boston, to be managed by the Boston Private Industry Council, and then expand globally in partnership with international NGOs.