Youth Unemployment refers to the situation where a number of youths in a place (a state,a country etc.) are economically active and willing to work but have no job. YouthUnemployment hinders development in any country. Given that youths form a large partof the economically active population of a nation, youth unemployment greatly affectsthe labour force or manpower of any country. According to the ILO, there are more than1 billion young people between the ages of 15 and 24, and 85 per cent of them live indeveloping countries
.Many of these young people are in the process of making, or havealready made, the transition from school to work. A recent report of the ILO says that 160million people in the world today are unemployed and there are some others who aresubsisting on the margins of the economy or have jobs that do not provide them withadequate means to ensure their survival. Nearly 40 per cent of those without work are young people, and levels of unemployment tend to be two to three times higher for this group than for the adult population
. Even those young people who are employed, many find themselves in low- paying temporary jobs with few protections. With the world population projected to grow by 110 million during this decade and with technological advances leading to further “rationalizations” of labour demand, some 500 million new jobs have to be created withinthe next 10 years merely to maintain the status quo
.In the present situation of jobcreation, there lies little hope that growth on this scale can be achieved. What has madethe situation graver for young people is huge imbalance between the supply of youngworkers and the demand for their labour thanks to the demographic trends.The current picture shows that a chunk of young people are in the employment but that employment is uncertain and may not provide an income sufficient to cover basicnecessities. In industrialized countries, due to the demand for a flexible workforce andthe increased use of part-time and temporary employment contracts a heightened sense of insecurity and risk has emerged.
INTERNATIONAL LABOUR OFFICE:
Committee on Employment and Social Policy
ILO, Key Indicators of the Labour Market 2000-2001 (Geneva, 2001).
Meeting the Youth Employment Challenge: A Guide for Employers