According to the ILO, youth unemployment worldwide is at its lowest level in 15 years
Worldwide, youth unemployment rates are at their lowest since 2007, yet some regions are significantly more affected than others. In 2022, there were 64.9 million jobless people aged 15 to 24 globally, according to the International Labour Organization (ILO). This was the lowest figure since the start of the millennium.
The unemployment rate for the 15-24 age group was 13 percent last year, the lowest since 2007 and below the pre-COVID-19 level in 2019. The ILO predicts a further decline to 12.8 percent in the current and next year.
However, the picture varies regionally: Youth unemployment rates in the Arab states, the Pacific region, and East and Southeast Asia were higher in 2023 than in 2019. The ILO expressed concern about the growing trend towards temporary jobs for young people and the widening gap between young graduates and the number of suitable jobs.
Last year, 20.4 percent of young people were neither employed nor in school or training, with two-thirds of them being girls or women.
Despite the global decrease in youth unemployment, the Arab states, the Pacific region, and East and Southeast Asia continue to struggle with higher rates compared to 2019. This persistent issue of youth unemployment contributes to a significant number of jobless youth around the world, making it a pressing concern.
