Global Jobs Crisis Takes Biggest
Toll On Struggling Youth Everywhere
By Lila Shapiro
Beaver County Blue via HuffPost
Oct 20, 2011 – Of all those that have suffered from global joblessness, it could be the young job seekers in developed economies that have paid the highest price. And the collective frustration is beginning to add up.
At the end of last year, there were an estimated 75.1 million young people around the world struggling to find jobs — a group nearly the size of the population of Iran. The group of job hunters, ages 15 to 24, has expanded by 4.6 million since the Great Recession began, according to a new report by the International Labour Organization, a specialized agency of the United Nations.
The burden is heaviest for the young in Europe, the U.S., and other advanced economies, where the youth unemployment rate saw the biggest overall jump between 2008-2010. Adding to the concern: While other regions of the world saw youth unemployment rates peak in 2009, these countries were among the few, globally, that continued to see the unemployment rate creep up.
This course does not appear to be changing, at least not any time soon.