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Global Employment Trends for Youth 2024
August 25 , 2024
14 hrs 0 min
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- The global youth unemployment has hit the lowest level for 15 years and is likely to continue to fall.
- The ILO’s report was titled "Global Employment Trends for Youth 2024 (GET for Youth).
- Around 64.9 million people aged between 15 and 24 worldwide were unemployed last year.
- The youth unemployment rate of 14.5 per cent in 2023 in East Asia was a historical high.
- One in five (20.4%) youth in the region was in ‘not in employment, education or training’ status in 2023 in South Asia.
- By 2025, the youth unemployment rate in the region is expected to continue its decline to 13.7%.
- Youth unemployment rates were higher in 2023 than in 2019.
- The rates of young women and young men in 2023 were nearly equal (at 12.9 per cent for young women and 13 per cent for young men).
- The share of young adults working in a secure paid job is significantly higher in high-income countries (at 76% in 2023).
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