CONSIDER FOR YOUNG WOMEN
YOUTH UNEMPLOYMENT CRISIS INCREASING - ILO
An ILO paper shows that the impact of the euro crisis is spreading as far afield as East Asia and Latin America, worsening the situation for many young jobseekers.
Direct Link to Full 4-Page ILO Document:
04 September 2012 - GENEVA (ILO News) – Jobless rates among young people will get even worse globally as the spillover of the euro crisis spreads from advanced to emerging economies, according to an ILO paper titled “Global Employment Outlook: Bleak Labour Market Prospects for Youth”.
ILO - GLOBAL EMPLOYMENT TRENDS FOR YOUTH 2012
YOUTH EMPLOYMENT: BREAKING GENDER BARRIERS FOR YOUNG WOMEN & MEN - ILO
Includes Cause-Effect Chart of High Numbers of Young Women in the Informal Economy
UN WOMEN - WOMEN, POVERTY & ECONOMICS - YOUNG WOMEN
Women bear a disproportionate burden of the world’s poverty. The current financial crisis is likely to affect women particularly severely.In many countries, however, the impact goes far beyond the loss of formal jobs, as the majority of women tend to work in the informal sector, for example as domestics in cities, and do not show up in official unemployment numbers. Economic policies and institutions still mostly fail to take gender disparities into account, from tax and budget systems to trade regimes.
ILO GUIDELINES ON GENDER IN EMPLOYMENT POLICIES
YOUTH UNEMPLOYMENT INCREASES & IN MORE REGIONS - UN - YOUNG WOMEN
Unemployment rates are expected to edge higher in coming years for young people worldwide, the International Labor Organization said in an analysis released Tuesday.
In the coming years, the euro crisis is predicted to be felt far beyond Europe in East Asia and Latin America, the agency warned. Last year, 12.5% of job-seekers between the ages of 15 and 24 were estimated to be unemployed, the ILO said, a rate projected to increase to 12.9% by 2017.
The most notable exception to the trend of growing youth unemployment is "developed economies," where youth unemployment is expected to drop, the U.N. agency said.
Even there, however, the drop is "principally because discouraged young people are withdrawing from the labor market and not because of stronger hiring activity among youngsters."
The global numbers also mask some big gaps around the world: Youth unemployment is far higher in the Middle East (25.7%) and North Africa (27.1%) than in South Asia (9.6%) and East Asia (9.2%.) Even within regions such as Europe, there are striking differences in youth unemployment rates, with less than 10% out of work in Germany and Switzerland compared to more than 50% in Spain.
"Without additional jobs being created, young people cannot expect to find employment," the ILO said. "However, given the sheer size of the problem, even a quick acceleration in growth may not provide sufficient job opportunities in a short period of time."
The U.N. agency recommended that countries adopt targeted programs for young people, including providing training and giving companies tax cuts to hire young people. Such programs, it argued, can actually save countries money by keeping young people in the labor market.