Global employment trends for youth

Global Employment Trends for Youth 2013: ILO

  • 73.4 million young people – 12.6 % – are expected to be out of work in 2013, an increase of 3.5 million between 2007 and 2013.
  • The global youth unemployment rate is projected to reach 12.8 per cent by 2018
  • In advanced economies, the youth unemployment rate in 2012 was 18.1 per cent. It is likely to remain above 17 per cent until 2015 and is not predicted to drop below 17 per cent before 2016. In Greece and Spain, more than half of the economically active youth population is unemployed.
  • The share of young people being out of work for at least six months is also increasing. In the OECD countries, more than one third of young, unemployed persons were classified “long-term unemployed” in 2011 – up from one quarter of the unemployed in 2008.
  • The number of NEETs in advanced economies – those neither in employment, nor education or training is growing and stands at one in six – putting them at risk of labour market and social exclusion.

Young people not in employment, education or training are more than twice as likely to feel unable to cope as their peers

Youth Index 2013: The Princes Trust

  • One in ten young people feel they cannot cope with day-to-day life
  • Young people not in employment, education or training (NEETs) are more than twice as likely to feel unable to cope as their peers.
  • More than one in five young people (22 per cent) did not have someone to talk to about their problems while they were growing up.
  • 27 per cent of young people in work feel down or depressed ‘always’ or ‘often’, and this increases to almost half (48 per cent) among NEETs