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Youth unemployment rate in OECD countries (15–24 age) [3] Around 17 percent of the world population, or almost 1.26 billion people, is between the ages of 15 and 24. [4] The United Nations defines this age range as the period when compulsory education typically ends. [5] Of this category, around 87% live in developing countries. [6]
Youth unemployment worldwide last year dipped to a 15-year-low and is likely to continue falling through 2025, although weaker growth means Asia has lagged this trend, the International Labour ...
The ILO estimates global unemployment to rise between 5.3 million ("low" scenario) and 24.7 million ("high" scenario) from a base level of 188 million in 2019 as a result of COVID-19's impact on global GDP growth. By comparison, global unemployment went up by 22 million during the Great Recession. Women informal workers, migrants, youth and the ...
Following a lackluster recovery last year from the Covid-19 pandemic, the world’s second-largest economy continues to face challenges due to a decline in the real estate market and weak consumer ...
Unemployment rate (2021) [1] This is a list of countries by unemployment rate.Methods of calculation and presentation of unemployment rate vary from country to country. Some countries count insured unemployed only, some count those in receipt of welfare benefit only, some count the disabled and other permanently unemployable people, some countries count those who choose (and are financially ...
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 ...
In Japan and South Korea, youth unemployment rates were at historic lows. The U.S. Bureau of Labor Statistics reported that youth unemployment in July was 9.8%, up from 8.7% the same period last year.
In its World Economic Situation and Prospect report update, the UN Department of Economic and Social Affairs (DESA) reported that as of mid-2020, the gross domestic product (GDP) in developed countries would plunge to -5.0 per cent, while the output of developing countries would shrink by 0.7 per cent, causing some $8.5 trillion in overall ...