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.
The parable of our time might well be: Mind your young, or they will trouble you in your old age.
A fourth of humanity is now young (ages 10 to 24). The vast majority live in the developing world, according to the United Nations Population Fund.
Nowhere can the pressures of the youth bulge be felt as profoundly as in India. Every month, some one million young Indians turn 18 — coming of age, looking for work, registering to vote and making India home to the largest number of young, working-age people anywhere in the world.Already, the number of Indians between the ages of 15 and 34 — 422 million — is roughly the same as the combined populations of the United States, Canada and Britain.
Chosen excerpts by Job Market Monitor. Read the whole story at The World Has a Problem: Too Many Young People – The New York Times
Youth Unemployment around the World – A Map
Overall youth unemployment in Somalia is roughly 67 percent, according to the U.N. Development Program, though that number may be as high as 75 or 80 percent in some parts of the country. Some of the issues underlying the country’s employment problems, like decades of conflict and environmental degradation, are specific to Somalia. But the … Continue reading
Youth Unemployment in Europe – A chart
According to Eurostat, youth unemployment is still unrelenting across Europe. In March 2015, the most recent month where data is available for all 28 EU nations, Spain had the worst unemployment rate for people under 25 years of age, 49.9 percent. Greece was only marginally better off with 49.7 percent. You will find more statistics … Continue reading
The Skills Gap in India
Of the five million graduates, only 34% are readily employable. Most lack necessary skills required for any role in any industry, according to an assessment tests done by Wheebox-People Strong in association with CII. Census data released in September 2013 indicated that 63.4% of India’s total population falls in the working age group. According to … Continue reading
India – Only 27% candidates enrolled in skill dev programmes got jobs
Only 27 per cent of the candidates enrolled in five national skill development programmes managed to secure jobs, says a World Bank study. “As per interim findings of the report, 27 per cent of candidates enrolled in the above skill development programmes found employment. “Some of the reasons for non-employment include resistance to migration, pursuit … Continue reading
Women In India – Education has not translated to equivalent gains in employment
Female enrolment in colleges leapt from 10 per cent of total admissions at the time of independence to 41 per cent in 2010. However, this has not translated to equivalent gains in women’s employment. Indeed, in the past few decades, the percentage of urban and educated working women has been stagnant or even fallen. Overall, … Continue reading
Middle East’s youth unemployment – 27 million not in education, employment, or training
Unemployment across the Middle East and North Africa (Mena) region is expected to surge in the coming years as a combination of structural and cyclical factors is adversely impacting job creation in both oil-exporting and oil-importing countries. According to a recent report ‘Re-Dynamising the Job Machine: Technology-Driven Transformation of Labor Markets in MENA’, produced jointly … Continue reading
Youth Unemployment in the Mideast
The numbers are striking: almost 28 percent of youth in the region are unemployed, according to the International Labor Organization. In addition, more than 50 percent of the Arab world is under 25 years old. Youth unemployment may be the biggest challenge facing the region, due to a demographic “youth bulge.” Surprisingly, a college education … Continue reading
Addressing Youth Unemployment in Africa
At a flat rate of 11.9 per cent in 2012 and 2013 as reported by the International Labour Organisation, compared to the current global average of 13.1 per cent, Africa does not have high levels of youth unemployment. However due to the size of the continent, and different degrees of urbanisation and shifts in economic … Continue reading
Italy – Youth unemployment reaches 38-year high
Italy’s unemployment rate moved up to 12.7 per cent in June from 12.5 per cent in May, delivering a blow to hopes that the nascent recovery in the eurozone’s third largest economy could bring some relief to its sclerotic labour market. Meanwhile, youth joblessness increased to 44.2 per cent, its highest level since 1977 and … Continue reading
Korea – Youth unemployment rate highest in 15 years
The nation’s youth unemployment reached the highest this year since 2000, raising serious concerns about the government’s labor policies especially for the country’s younger population, as well as the limited job security among young contract workers. The number of unemployed young Koreans, which stood at 330,000 back in 2013, rose to 380,000 last year, and … Continue reading
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