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One year on, youth unemployment remains a headache, with the reconfigured jobless rate spiking to a 2024 high of 17.1% in July, as 11.79 million college students graduated this summer in an ...
Youth unemployment is different from that of the general workforce in that youth unemployment rates are consistently higher than those of adults worldwide, with the European Commission reporting that, from 2014 - 2024, the EU youth unemployment rate has remained approximately twice as high as the general unemployment rate. [2]
September 25, 2024 at 7:35 AM. ... According to the International Labor Organization, the youth unemployment rate for Asia and the Pacific was 13.9% in 2023. In South Asia, the data was at a 15 ...
China’s youth unemployment rate in August rose to the highest level since the new system of record-keeping began in December, driven by an economic slowdown and restrictive hiring policies ...
Since January 2023, the unemployment rate among young people in China has risen. Since July 2024, the youth unemployment rate has been steadily above 17%. Many are discouraged by what they perceive to be poor working conditions. [9]
[51] [52] Youth unemployment has stayed elevated since early 2022 as Covid disruptions and a property slump added to already existing structural problems in the labor market. [53] On August 15, 2023, the National Bureau of Statistics of China (NBS) announced the cessation of publishing the youth unemployment rate. In July of 2023, the National ...
The ILO said 64.9 million people aged between 15 and 24 worldwide were unemployed last year, good for a rate of 13%, and it forecast that proportion would decrease further over the following two ...
In August 2024, the rate of unemployment for ages 16-24 was reported to be at 14.8%; it was also reported that ~872,000 youth aged 16-24 were not enrolled in any form of education or working any full-time job, and out of that group, a large portion was noted as economically inactive, and another notable amount of completely unemployed people ...