“The alarming rise in youth unemployment and the equally disturbing high levels of young people who work but still live in poverty show how difficult it will be to reach the global goal to end poverty by 2030 unless we redouble our efforts to achieve sustainable economic growth and decent work. Source: World Employment and Social Outlook 2016: Trends for Youth. with per capita income or consumption of less than US$3.10 per day. Youth unemployment and working poverty trends and projections to 2017 Note: The working poverty rate is defined as the share of employed population in extreme or moderate poverty, i.e. In fact, 156 million or 37.7 per cent of working youth are in extreme or moderate poverty (compared to 26 per cent of working adults).
Of greater concern is the share and number of young people, often in emerging and developing countries, who live in extreme or moderate poverty despite having a job. The ILO’s World Employment and Social Outlook 2016, Trends for Youth report shows that as a result, the global number of unemployed youth is set to rise by half a million this year to reach 71 million (table 1) – the first such increase in 3 years. GENEVA (ILO News) – The International Labour Organization (ILO) estimates that the global youth unemployment rate is expected to reach 13.1 per cent in 2016 and remain at that level through to 2017 (up from 12.9 per cent in 2015).
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