One third of the world’s 1.8 billion young people are currently neither in employment, education or training. Of the one billion more youth that will enter the job market in the next decade, only 40% are expected to be able to get jobs that currently exist. The global economy will need to create 600 million jobs over the next 10 years to keep pace with projected youth employment rates.
Read more.
The report highlights the challanges for the Governments of some of the most populous countries in creating job oppurtunities for the unemployed youth.The problem becomes complex when these youths have no proper skills that can make them employable.The dearth of institutional finance to start SMEs (small & micro enterprises) will only aggravate the problem.
We must set a sustainable job precedent to accommodate the absorption of young people into laborforce.We need to let them be inclusive in global development pursuit first foremost.
There is need to direct efforts in the areas of Empowering Youths in terms of entrepreneurship, leadership, management and business, and at the same time help in providing funding and financial services to make our ideas and businesses go commercial to get more youths engaged.