Youth employment declining again

After three years of improvement youth employment in the world is deteriorating again this year, mainly due to a longer than expected recession that hit the commodity exporting emerging countries, including Brazil and Russia – the International Labour Organisation (ILO) wrote in its annual report released on Wednesday

Consequently, the global youth unemployment rate is on the rise after a number of years of improvement, and is expected to reach 13.1 percent in 2016 (from 12.9 in 2015). This is very close to its historic peak in 2013 (at 13.2 per cent) and where it is expected to remain in 2017. As a result, after falling by some 3 million between 2012 and 2015, the number of unemployed youth globally will rise by half a million in 2016 to reach 71 million and will remain at this level in 2017. (MTI)