Finding a job is a challenging process ---and it can be especially difficult and overwhelming for youth and people entering the labor market for the first time. Youth unemployment rates in Sub-Saharan Africa are double those of adult unemployment for both men and women. Estimates show that 11 million youth will enter the labor market in Sub-Saharan Africa each year for the coming decade. This offers the potential to dramatically reduce poverty. But to make the most of this opportunity, young people need to engage in productive employment that fuels economic growth. In this blog, we present two simple and effective strategies to support job seekers to find employment.
When we talk about the future of work, it is important to include perspectives, ideas and solutions from young people as they are the driving force that can shape the future. As we saw at the recent Youth Summit 2017, the younger, digitally-savvy generations —whether they are called Millennials, Gen Y, or Gen Z— shared solutions that helped tackle global challenges. The two-day event welcomed young people to discuss how to leverage technology and innovation for development impact. In this post, we interviewed —under a job-creation perspective—finalists of the summit's global competition.
- private sectors
- Social Entrepreneurship
- Youth Summit
- Agriculture and Rural Development
- Labor and Social Protection
- Information and Communication Technologies
- Global Economy
- Financial Sector
- Climate Change
- Latin America & Caribbean
- South Asia
- East Asia and Pacific
- South Africa
Innovations in youth employment programs are critical to addressing this enormous development challenge effectively. Rapid progress in digital technology, behavioral economics, evaluation methods, and the connectivity of youth in the developing world generates a stream of real-time insights and opportunities in project design and implementation. Part of the challenge is the sheer number of projects (just in Egypt, there are over 180 youth employment programs). And even without being aware, projects often innovate out of necessity in response to situations they face on the ground. But innovations need to be tested in different country contexts to be able to make an impact at scale.
Through the new Solutions for Youth Employment (S4YE) report, our team ventured to curate a few such ongoing innovations as they were being implemented through S4YE’s Impact Portfolio — a group of 19 youth employment projects from different regions being implemented by different partners across the globe. This network of youth employment practitioners serves as a dynamic learning community and laboratory for improving the jobs outcomes of youth globally.
Finding a good job is increasingly difficult – especially for young people. Globally, young people are up to four times more likely to be unemployed than adults. Furthermore, the lack of opportunity can have devastating consequences for their long-term employment outcomes. Youth often lack the skills and competencies that are in high demand from employers, but they also face information gaps about which relevant skills they should signal to prospective employers.
To better understand youth and skills trends in emerging markets, the Solutions for Youth Employment (S4YE) Coalition embarked on a research collaboration with LinkedIn to analyze demand and supply side data from 390,000 entry-level job postings and 6.4 million LinkedIn profiles of young people (aged 21-29) in four diverse middle-income countries. Using big data analytics, the recently released report The Skills Gap or Signaling Gap: Insights from LinkedIn in emerging markets of Brazil, India, Indonesia, and South Africa brings the following three insights on what skills employers in those countries are looking for in youth hires.
Over the past decade and a half, Sub-Saharan Africa has experienced rapid economic growth at an average annual rate of 5.5%. But since 2008, the share of manufacturing in GDP across the continent has stagnated at around 10%. This calls into question as to whether African economies have undergone structural transformation – the reallocation of economic activity across broad sectors -- which is considered vital for sustained economic growth in the long-run.
Jobs are what we earn, what we do, and sometimes even who we are. For the poor and vulnerable of the world, jobs are key to ending poverty and driving development. But not all jobs are equally transformational. Good jobs add value to society, taking into account the benefits they have on the people who hold them, and the potential spillover effects on others. For example, inclusive jobs, such as those that employ women, can change the way families spend money and invest in the education and health of children.
- Private Sector Development
- Latin America & Caribbean
- The World Region
- South Asia
- South Africa
- Burkina Faso
- Cote d'Ivoire
- West Bank and Gaza
- Sri Lanka
Summer is a time for reflection, for taking stock and seeing what is trending. So far this year, the Jobs Group has published 39 blogs on a wide range of topics. But what blogs have resonated most with our readers? Below you will find our most-read blog posts. In true top ten style, they are presented them in reverse order.
Globally youth are, on average, nearly three times more likely to be unemployed than older adults. In South Africa this problem has been exacerbated by the global downturn. When the economy slowed down, youth unemployment began to rise sooner than adult unemployment, suggesting that younger people are more vulnerable to changing economic conditions. The question arises whether interventions should focus on youth among the unemployed. I would argue that interventions should specifically target youth, as they face some significant barriers to entering the labor market.
In the developing world, there is a lively debate surrounding how minimum wages affect jobs, poverty, and income distribution. To shed light on the issue in South Africa, Haroon Bhorat, Ravi Kanbur, and Benjamin Stanwix recently did a study on the impact of the introduction in March 2003 of a minimum wage law in the agricultural sector. We spoke with Bhorat – a Professor of Economics at the University of Cape Town and an economic advisor to the Minister of Finance – on their findings.