- Recently, the International Labour Organisation (ILO) has released a report titled “Global Employment Trends for Youth 2022: Investing in transforming futures for young people”.
- International Labour Organization is the only tripartite United Nation (UN) agency. It brings together governments, employers and workers of 187 member States (India is a member), to set labour standards, develop policies and devise programmes promoting decent work for all women and men.
- Received the Nobel Peace Prize in 1969.
Establishment history:
- Established in 1919 by the Treaty of Versailles as an affiliated agency of the League of Nations.
- Became the first affiliated specialized agency of the UN in 1946.
- Headquarters: Geneva, Switzerland
- Major Reports:
- World of Work Report
- World Employment and Social Outlook Trends 2022
- World Social Protection Report
- Social Dialogue Report
- Global Wage Report
Key Findings:
Gender Disparity in EPR:
- Young women exhibited a much lower Employment-to-Population ratio (EPR), showing that young men are almost 1.5 times more likely than young women to be employed.
- In 2022, 27.4 % of young women globally are projected to be in employment, compared to 40.3 % of young men.
Pandemic Impacted Youth Employment:
- Covid-19 Pandemic has worsened the numerous labour market challenges facing those aged between 15 and 24 years, who have experienced a much higher percentage loss in employment than adults since early 2020.
- The total global number of unemployed youths is estimated to reach 73 million in 2022, a slight improvement from 2021 but still six million above the pre-pandemic level of 2019.
Regional Differences:
- The recovery in youth unemployment is projected to diverge between low- and middle- income countries on the one hand and high-income countries on the other.
- High income countries are the only ones expected to achieve youth unemployment rates close to those of 2019 by the end of 2022.
- Meanwhile, in the other country income groups, the rates are projected to remain more than 1% above their pre-crisis values.
Benefits of Green and Blue Economies:
- Young people were well-placed to benefit from the expansion of the so-called green and blue economies, centred around the environment and sustainable ocean resources respectively.
- An additional 8.4 million jobs may be created for young people by 2030 through green and blue investments, notably in clean and renewable energies, sustainable agriculture, recycling and waste management.
- Recently, the International Labour Organisation (ILO) has released a report titled “Global Employment Trends for Youth 2022: Investing in transforming futures for young people”.
- International Labour Organization is the only tripartite United Nation (UN) agency. It brings together governments, employers and workers of 187 member States (India is a member), to set labour standards, develop policies and devise programmes promoting decent work for all women and men.
- Received the Nobel Peace Prize in 1969.
Establishment history:
- Established in 1919 by the Treaty of Versailles as an affiliated agency of the League of Nations.
- Became the first affiliated specialized agency of the UN in 1946.
- Headquarters: Geneva, Switzerland
- Major Reports:
- World of Work Report
- World Employment and Social Outlook Trends 2022
- World Social Protection Report
- Social Dialogue Report
- Global Wage Report
Key Findings:
Gender Disparity in EPR:
- Young women exhibited a much lower Employment-to-Population ratio (EPR), showing that young men are almost 1.5 times more likely than young women to be employed.
- In 2022, 27.4 % of young women globally are projected to be in employment, compared to 40.3 % of young men.
Pandemic Impacted Youth Employment:
- Covid-19 Pandemic has worsened the numerous labour market challenges facing those aged between 15 and 24 years, who have experienced a much higher percentage loss in employment than adults since early 2020.
- The total global number of unemployed youths is estimated to reach 73 million in 2022, a slight improvement from 2021 but still six million above the pre-pandemic level of 2019.
Regional Differences:
- The recovery in youth unemployment is projected to diverge between low- and middle- income countries on the one hand and high-income countries on the other.
- High income countries are the only ones expected to achieve youth unemployment rates close to those of 2019 by the end of 2022.
- Meanwhile, in the other country income groups, the rates are projected to remain more than 1% above their pre-crisis values.
Benefits of Green and Blue Economies:
- Young people were well-placed to benefit from the expansion of the so-called green and blue economies, centred around the environment and sustainable ocean resources respectively.
- An additional 8.4 million jobs may be created for young people by 2030 through green and blue investments, notably in clean and renewable energies, sustainable agriculture, recycling and waste management.
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