July 15 marks World Youth Skills Day. The youth1—those born between 1994 and 2003—account for 16% of the world's total population. These 1.2 billion people are likely first-time job seekers or those relatively new to the labor market.
Where can they find employment? In the early 2000s, the Services sector surpassed Agriculture to become the world’s largest employer. Today, Services accounts for 50 percent of employment, while Agriculture and Industry make up 30 and 20 percent, respectively.
Sector employment data does not delve into one’s employment status (e.g. salaried worker versus self-employed worker) or occupation. But the global employment shift from Agriculture and other labor-intensive activities to the Services sector suggests that there are changes in required skills—especially in the poorer economies, which are largely agriculture-based.
Visit the World Development Indicators page, or the World Bank Open Data page to learn more about the employment in Services, Industry, and Agriculture indicators used in this blog.
The United Nations defines youth as the population aged 15-24 (https://www.un.org/development/desa/youth/what-we-do/faq.html).
I am an Agribusiness Economist and i look forward to participate actively in the conversation
The quality of the information is helpful in making insights
Excellent
Happy to be part of this global discuss
I think together we will keep our world in a good way a bring light for the next generation.
I am a an agricultural Economist, a business consultant, kudos for this world class report.
I however love to appreciate the report more if it is decomposed on continental basis if data are well available.
Thank you.