View also: Highest Youth Unemployment Ever
The report presents the latest global and regional labour market trends for youth and specifically explores how the global economic crisis has exposed the vulnerabilities of young people around the world. In developed economies, the crisis has led to the highest youth unemployment rates on record, while in developing economies – where 90 per cent of the world’s youth live – the crisis threatens to exacerbates the challenges of rampant decent work deficits, adding to the number of young people who find themselves stuck in working poverty and thus prolonging the cycle of working poverty through at least another generation.
The Global Employment Trends for Youth, August 2010 remains unique, however, as the only report in the series to be written in the midst of a global economic crisis. As such, it inevitably addresses the impact of the crisis on young men and women around the world. The impact on young people is defined and placed in a broader context in terms of comparisons among regions, between sexes and among other age cohorts (namely, that of adults). Chapter 3 explores the question of whether young men and women, already defined as a group with serious vulnerabilities even at the best of times, can become even more vulnerable during times of economic shocks. It looks at where the crisis impact is being felt the hardest in terms of youth employment and unemployment and where the impact is showing up more indirectly in view of longer-term development prospects. Finally, Chapter 4 looks at some lessons learned from evaluated youth employment programmes. Ideally, such lessons can help to shape future developments as countries continue to prioritize youth in their national recovery policy agendas.