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Global youth unemployment set to slip to 73 million in 2022: UN

Gender gap “has shown little sign of closing over the past two decades”, the ILO said.
The total global number of unemployed youths should fall to 73 million in 2022, down by two million from the year before, the United Nations said Thursday.
However, the figure is still six million higher than the pre-pandemic level of 2019, with the recovery in youth unemployment lagging behind the bounceback in other age groups, the UN s International Labour Organization said.
Between 2019 and 2020, those aged 15 to 24 experienced a much higher percentage loss in employment than the rest of the labour market, the ILO said in a report.
Their 300-page “Global Employment Trends for Youth 2022” update on key youth labour market indicators and trends said the pandemic exacerbated the market challenges generally facing young people.
Many dropped out of the labour force, or failed to enter it altogether, due to the difficulty of finding a job during Covid-19 lockdowns and while businesses were closing due to the pandemic.

  • Gender gap –
    “The Covid-19 crisis has revealed a number of shortcomings in the way the needs of young people are addressed, especially the more vulnerable such as first-time job-seekers, school dropouts, fresh graduates with little experience and those who remain inactive not by choice,” said Martha Newton, the ILO s deputy director-general for policy.
    “What young people need most is well?functioning labour markets with decent job opportunities for those already participating in the labour market, along with quality education and training opportunities for those yet to enter it.”
    The report said that 27.4 percent of young women were projected to be in work in 2022, compared to 40.3 percent of young men.
    This gender gap “has shown little sign of closing over the past two decades”, the ILO said.
    The gap is largest in lower-middle-income countries, at 17.3 percentage points, and smallest in high-income states, at 2.3 points.
    The share of youth not in employment, education or training in 2020 — the latest year for which a global estimate is available — rose to 23.3 percent, up 1.5 percentage points from 2019 to a level not seen in at least 15 years.