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Youth Unemployment Near 2009 Peak

May not change before 2016 worldwide

By Matt Cantor,  Newser Staff

Posted May 22, 2012 4:15 PM CDT

(Newser) – Overall jobless numbers may be showing some improvement, but among youths worldwide, things are nearly as bad as they were at their 2009 peak. Some 12.7% of people ages 15 to 24 —almost 75 million youths—are set to be unemployed this year, the International Labor Organization says. That's compared to 12.6% in 2011, or 13.6% not counting those who are ditching or delaying the job search. In 2009, 75.4 million young people were jobless, the peak figure since the economic crisis began, AFP reports.

And there's not much hope for the immediate future, the ILO says: "By 2016, the youth unemployment rate is projected to remain at the same high level." And with some 6 million youths giving up on the job search, their skills are slipping away, potentially making it more difficult to get work in the future, the BBC notes. The "crisis can be beaten," the group notes, "but only if job creation for young people becomes a key priority in policy-making and private sector investment picks up significantly." For instance, governments could provide tax incentives to businesses who hire young people.

Youth unemployment is near 2009 levels.
Youth unemployment is near 2009 levels.   (Shutterstock)
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COMMENTS
Showing 3 of 20 comments
TopsyKrets
May 23, 2012 12:43 PM CDT
15 to 24 year olds should have the Easiest time of anybody finding a job - minimum wage positions are by far the most abundant.
hatchling1
May 23, 2012 10:38 AM CDT
A lot of teens are willing and looking for work. In the meantime, the Feds are offering 100,000 summer jobs [such as life guarding] to foreign students. I don't blame Obama, this program started a long time before he came into office, but given the high unemployment rate for teens, this shouldn't be going on.  I don't believe teens won't work. I know many who are ambitious and reliable and hope for employment that will get them ready for the job market, though for sure some jobs may have trouble attracting American teens to apply. I know a teen who took a summer job at a commercial egg production company. The work was hard and dirty, paid badly, and he was cheated out of pay when he was required to work overtime. When he politely went to his boss to ask why he hadn't been paid anything for clocked overtime, he was told "the Mexicans don't complain... they're just glad to have a job".
Tology
May 23, 2012 3:47 AM CDT
Maybe if they could show up on time and not spend all day texting and on facebook someone would offer them a job.
 

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