The International Labour Organisation�s (ILO) Global Employment Trends 2014 says the labour market outlook for young people has worsened in nearly every region of the world.
The report said: �In total, 74.5 million young people aged 15�24 were unemployed in 2013, an increase of more than 700,000 over the previous year.
There were 37.1 million fewer young people in employment in 2013 than in 2007, while the global youth population declined by only 8.1 million over the same period.
�The global youth labour force participation rate, at 47.4 per cent in 2013, remains more than two percentage points below the pre-crisis level, as more young people, frustrated with their employment prospects, continue to drop out of the labour market.�
The ILO report which was made available to the Ghana News Agency on Monday revealed that the global youth unemployment rate is expected to edge up to 13.2 per cent in 2014, with increases projected in East Asia, South-East Asia.
It said the global youth unemployment rate rose to 13.1 per cent in 2013, from 12.9 per cent in 2012 and 11.6 per cent in 2007.
It observed that the largest increase occurred in the Middle East region, declaring that this region had one of the highest youth unemployment rates in the world, with 27.2 per cent of young people in the labour force without work in 2013, versus 26.6 per cent in 2012.
It said Central and South-Eastern Europe and the Commonwealth of Independent States (the former Soviet Republics), East Asia, South-East Asia and the Pacific and North Africa all saw a substantial increase in youth unemployment rates.
It said in the Developed Economies and European Union, the region that registered the largest increase in youth unemployment rates over the period 2007�12, unemployment among young people rose further to 18.3 per cent of the youth labour force.
Source: GNA
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