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Global Youth Unemployment Rate Lowest in Last 15 Years

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Global youth unemployment is at its lowest level for 15 years, the United Nations said Monday, though not all regions have yet recovered from the Covid-19 slump.

The number of 15- to 24-year-olds who are not in employment, education or training (NEET) is concerning, the UN’s labour agency said, adding that the post-Covid-19 pandemic recovery has not been universal in all regions.

“Young people in certain regions and many young women are not seeing the benefits of the economic recovery,” the International Labour Organization said.

At 64.9 million, the total number of unemployed young people worldwide in 2023 was the lowest since the start of the millennium, the ILO said.

At 13 percent, the youth unemployment rate last year represents a 15-year low and a fall from the pre-pandemic rate of 13.8 percent in 2019, it said.

“It is expected to fall further to 12.8 percent this year and next,” it added.

 

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