The report represents the 20th anniversary publication of GET for Youth and focuses on achievements, challenges and outlook for youth employment.
Key Highlights of Report
- Post Covid recovery: Global youth unemployment rate in 2023 is 13%, the lowest in 15 years, and 64.9 million unemployed youth, the lowest since 2000.
- NEET (Not in Employment, Education or Training) Status: 20.4% of youth were in NEET in 2023, indicating broader labour market exclusion.
- 2 in 3 young NEETs are women.
- Global Challenges:
- Inequalities of Opportunity: 4 in 5 young adult workers are in regular paid job in high-income countries, compared to 1 in 5 in low-income countries.
- Regional disparities: Growth in youth labour force in Africa by 2050 while all other regions face contraction.
- Also, 1 in 3 youth in Arab states and North Africa are unemployed.
- Youth well-being concern: Many young people are stressed about job loss, state of economy, and lack of social mobility across generations.
- Educational Mismatch: 2 in 3 young adult workers in developing economies hold qualifications that do not match well to their job.
Recommendations from the report
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