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World Employment and Social Outlook 2016: Trends for Youth

Wednesday 24th Aug 2016 (Latest News, Global, Youth Employment, Employment)

Duration:                   3’30” 

Production date:       24 August 2016

Film location:            Palais des Nations, Geneva, Switzerland

Audio:                         Available in international version 

Rights:                       All ILO audio-visual material is available under a Creative Commons Attribution-NonCommercial 3.0 IGO license, copyright ILO

Video type:                b-roll 

Keywords:                  Youth, unemployment

Contact:                     multimedia@ilo.org

(See separate press release)

Transcriptions

 

 

Lawrence J. Johnson, (ILO Dep. Director, Research):  Based on the updated estimates for 2016 there are 71 million young people among the ranks of the unemployed globally. This is up half a million from 2015.  This represents a youth unemployment rate of 13.1 percent in 2016, up from 12.9 in 2015. Of course, many emerging and developing countries the pressing issue is not just that of unemployment but rather the quality of jobs that are held by youth often with considerable disparity between men and women.

 

 

Steven Tobin (ILO Senior Economist):  I would like to highlight that the deterioration, perhaps not surprisingly, is particularly marked in some emerging economies,in particular Latin America where we've seen a number of countries enter deeper than anticipated recessions.  In these emerging countries we see the unemployment rate predicted to rise to 13.3 percent -- rising from 13.3 percent in 2015 to 13.7 percent in 2017.  This corresponds to 53 and a half million people, young people in emerging economies, to be unemployed in 2017.  In developed countries the outlook is somewhat more positive. In fact we anticipate the unemployment rate to continue to decline thru 2017, however, given the stagnating nature of growth in many advanced countries, the expected decline in the youth unemployment rate in 2017 is expected to slow, vis a vis what we've seen between 2015 and 2016.

 

 

 

Lawrence J. Johnson:  Many people in the OECD countries of our generation that graduated got counselling in terms of jobs, what they would pay, what their future would hold and too often young people are faced with this challenge in the developing world to get a very clear picture of what the future will hold.  So as we move forward dealing with the future of work, we're looking to also support countries to understand how their labour markets will be changing and what employment opportunities will be there. The traditional forms that many of us are familiar with are changing very rapidly and nature of the work as well as the contractualization  of the work.

 

Tobin:  Given this 2-fold story of rising unemployment rates on the one hand and persistently high working poverty rates on the other hand, it will be very difficult to reach the goal that we have set to end poverty by 2030 unless we redouble our efforts to reach sustainable economic growth and decent work including for youth.

 

 

 


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