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Global Youth Unemployment Decreases

Adi Ahdiat 12/08/2024 15:39 WIB

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According to an ILO report, global youth unemployment rates decreased in 2023, reaching their lowest level in 15 years.

Global Youth Unemployment Rate (2010-2023)

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Global Youth Unemployment Rate (2010-2023)

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Global youth unemployment rates have decreased, reaching a new low in 2023.

This is according to the *Global Employment Trends for Youth 2024* report released by the International Labour Organization (ILO).

The ILO defines unemployment as someone who meets the following criteria:

* Did not work at all during the survey week;
* Is willing to work within the next two weeks;
* Actively searched for work in the past four weeks; or
* Has found a job, but it will only start three months from the survey date.

According to ILO data, in 2010, 13.3% of young people aged 15-24 worldwide were unemployed.

In subsequent years, the proportion of unemployed youth gradually increased, peaking in 2020 during the Covid-19 pandemic.

However, since 2021, the numbers have steadily declined, as shown in the graph.

"The global youth unemployment rate in 2023 reached 13%, equivalent to 64.9 million people. This is the lowest figure in the last 15 years," said an ILO representative in a press release on Monday (August 12, 2024).

However, this decline has not been uniform. Several regions saw an increase in the proportion of unemployed youth during the 2019-2023 period, namely Arab countries, East Asia, and Southeast Asia and the Pacific.

Unemployed Youth vs. NEET

The ILO also notes that while youth unemployment has decreased, the proportion of young people not in employment, education, or training (NEET) remains high.

"One in five young people, or 20.4% of young people globally, were NEET in 2023. Two out of three NEETs are female," said the ILO representative (August 12, 2024).

In the report *What does NEETs mean and why is the concept so easily misinterpreted?* the ILO explains that "unemployed youth" and "youth not in employment, education, or training" (NEET) are different.

"Equating young people not in employment, education, or training with the unemployed is incorrect. Technically, NEETs do not have jobs. But according to international standards, the NEET group indicates that they are not actively seeking work or are unwilling to work," the report states.

"We cannot assume that NEETs aim to have a job. In almost all countries, the NEET group is predominantly comprised of young women who manage households. Even if one day they want to seek work outside the home, the reality is that their position is not open to work at that time," it continues.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."