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Jobs for Youth

JOBS FOR YOUTH: SEEKING SOLUTIONS Boosting shared prosperity will require a jobs revolution among young people. The share of young people worldwide who are not working or are in school or training has increased dramatically in recent years. Yet too few solutions to youth unemployment exist to match the scale of the challenge. It will require fresh ideas, better data, and new partnerships, including directly involving employers in finding answers. The world's youth population is large and growing, but young people ages 15 to 24 are increasingly unable to find work. For those who do work, many are underemployed, work in the informal sector, or are unpaid. About 225 million youth, or 20% of all youth in the developing world, are "idle". not in education, employment or training. 20% In sub-Saharan Africa, 50% of 24-year-old youths work in agriculture-most for no pay-and 20% work in non-farm household The population of 15- to 24-year-olds in sub-Saharan Africa is expected to increase 26% by 2025 and 50% Unemployment rates among 50% 50% ADULTS young people are 2 TO 4 TIMES as high as those of adults in most 26% YOUNG countries. enterprises. by 2035. Sources: International Labour Organization, World Bank As labor markets become more competitive, the need to provide young people with productive jobs becomes more acute. 600 25 MILLION Each month, nearly 1 million people enter the labor market in India alone. Globally, 600 million jobs will be needed over the next 15 years to keep employment rates constant. 1 in 4 young people can't find work for more than $1.25 a day. 80% 40% In the Middle East and North Africa, more than 80% of young workers work in the informal sector. In sub-Saharan Africa, more than 40% of young workers are unpaid. Sources: World Bank, International Labour Organization, Education for All Global Monitoring Report A large number of young people are leaving school without the proper skills needed to adapt to the changing workplace. 200 million young people in developing countries have not completed primary school and, therefore, lack the necessary skills for work. About 58% are In low-income countries, up to 73% of the labor force is illiterate and the 58% i average amount of 73% education can be as low young women. as 1 year. In the Middle East and North Africa, nearly 40% of firms reported that mismatched skills are a major constraint to business operations. In Tunisia, about 65% of university graduates are underemployed or work in jobs that do not use the skills they acquired in school. 40% 65% NOW HIRING Sources: World Bank, Education for All Global Monitoring Report Solutions for youth employment require innovations in education, skills training, and support for business start-ups. THE ADOLESCENT GIRLS INITIATIVE is currently reaching some 17,000 girls, helping them transition through school to work by teaching technical, life skills, and business development training in 8 countries, including: 6 Afghanistan 7 Nepal 4 Jordan 1 Haiti 8 Lao PDR 2 Liberia 5 South Sudan 3 Rwanda: In UGANDA, cash transfers provided to 12,000 young people to cover vocational training and business start-up costs led to doubling in employment hours and a nearly 50% increase in cash earnings. open An estimated 2,500 young women in LIBERIA received training in business development and job skills, resulting in a 50% employment increase and doubled weekly income. With help from local NGOS, 3,000 unemployed youth in rural TUNISIA are being provided with skills training and short-term employment to prepare them for future job opportunities. More than 3,000 young people in PAPUA NEW GUINEA received on-the-job training and temporary employment, increasing their 2x+3 chances of securing a job. Source: World Bank THE WORLD BANK worldbank.org/jobsworldeconomy @worldbank

Jobs for Youth

shared by worldbank on Oct 10
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Boosting shared prosperity will require a jobs revolution among young people, yet many of them face significant difficulties in finding productive employment.

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worldbank

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Economy
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