On Monday, 20 November 2017, International Labour Organization (ILO)
unveiled the Global Employment Trends for Youth; A report that sets out the youth labour market situation around the world and shows where progress has or has not been made.
International Labour Organization (ILO) is the only tripartite U.N. agency since 1919 that brings together governments, employers an, workers of 187 member States
, to set labour standards, develop policies and devise programmes promoting decent work for all women and men.
The 2017 edition of Global Employment Trends for Youth discusses the implications of technological change for youth labour market prospects – both quantity and quality – focusing on trends in sectoral employment and on the forms of work available to young people.
Despite a significant fall in youth unemployment since the height of the economic crisis in 2009, persistent unemployment and a lack of quality job opportunities
continue to hamper young people’s quest for decent work.
Incorporating the most recent employment trends for young women and men, Global Employment Trends for Youth sets out the youth labour market situation around the world. It shows where progress has or has not been made, updates world and regional youth labour market indicators, and gives detailed analyses of medium-term trends in youth population, labour force, employment, unemployment, working poverty and informality.
The report also finds that a growing number of young jobseekers and young entrepreneurs are taking to the internet i.e. the platform and gig economies where they find new and diverse forms of employment, such as crowd work, which can offer flexibility and expand income-earning opportunities. There are however important risks, including low incomes, no guarantee of any continuity in employment or income, and lack of access to work-related benefits.
Young people often start their working lives in temporary employment with the knowledge that they may never attain ‘job security’. They are more likely to transition to stable and satisfactory employment in developed and emerging economies than in developing countries. Further investments in quality education and skills development are critical since the longer young person studies, the shorter the transition time into employment, the Global Employment Trends for Youth report shows.