A Study on Increasing Rate of Youth Unemployment and Methods to Reduce It

Abstract

There are currently about 75 million young people looking for a job around the world. The International Labour Organisation (ILO) predicts that by 2024 , more than 212 million people will be unemployed. Irrespective of location, young people, especially young women, will be disproportionately affected; unemployment is expected to be around three times higher for them than for their older counterparts and will reach 100m by 2025. In some regions, this proportion is already as high as five times the adult rate. Globally, young people are nearly one in four of the working poor, stuck in low quality jobs with no hope of progression. For many, the transition from education to a full-time job does not run smoothly: they lack the necessary skills, there are no available jobs in their area, they find it difficult to move house to find work. Neither does higher education necessarily guarantee a decent job. In the Middle East and North Africa highly educated young women are particularly disadvantaged. In Turkey, the unemployment rate among university educated women is more than 3 times higher than that of university educated men; The study aims to overview the reasons for youth unemployment. The study conducted empirical research with convenient sampling. The sample size of the study is 203 responses .Resolving these scenarios requires an understanding of the intersectionality of people’s circumstances. In short, one size will not fit all when it comes to planning a recovery of employment prospects for young people, the ILO says.