Youth unemployment hits record high
A report by the International Labour Organisation indicates young people worldwide continue to be hardest hit by recession
Global youth unemployment has hit a record high and is expected to rise further, according to a report from the International Labour Organisation, which echoes warnings in the UK that young people continue to be the hardest hit by the recession.
Of around 620 million economically active 15 to 24-year-olds, 81 million were unemployed at the end of 2009, the highest number since records began in 1991, the UN agency says. That put the global youth unemployment rate at 13%, up from 11.9% just before the global downturn in 2007.
Warning of the “risk of a crisis legacy of a lost generation” as young people drop out of the labour market and are discouraged from returning, the ILO predicts that youth unemployment will rise further this year to 13.1% before slipping back to 12.7% in 2011…