Sign In
Learn bits
Index & Reports
Mahesh

14/08/22 04:00 AM IST

“Global Employment Trends for Youth 2022"

In News 
  • According to “Global Employment Trends for Youth 2022” report, unemployment rare among youth aged 15-24 has reached to 15.6% across the world.
  • This report has been released by International Labour Organisation (ILO), as a part of Global Call to Action for “human-centred recovery from Covid-19 pandemic”.
Major Findings 
  • As per report, number of unemployed young population has decreased from 75 million in 2021 to 73 million in 2022. However, this number is still 6 million more than the number before covid-19 pandemic.
  • Unemployment rate in Africa is 12.7%, below the global average of 14.9%. This figure highlights that, young people have withdrawn from labour markets.
  • In India, schools were closed for 18 months. Out of 240 million school-going children, just 8% in rural and 23% in urban areas had access to online education.
  • As a result, 92% children have lost one foundational ability in language on an average. 82% children have lost at least one foundational ability in mathematics. This has increased the NEET rate globally.
  • According to CMIE, Labour Force Participation Rate (LPR) in India had fell down to 38.8% in June 2022. This highlights that, people have dropped off finding employment.
  • Share of people aged 18-21 in the net EPF accounts created has decreased from 37.9% in 2018-19 to 24.1% in 2021-22.
ILO 
  • It is the only tripartite United Nation (UN) agency. It brings together governments, employers and workers of 187 member States (India is a member), to set labour standards, develop policies and devise programmes promoting decent work for all women and men.
  • Received the Nobel Peace Prize in 1969.
  • Established in 1919 by the Treaty of Versailles as an affiliated agency of the League of Nations.
  • Became the first affiliated specialized agency of the UN in 1946.
  • Headquarters: Geneva, Switzerland
Source- Indian Express 

More Related Current Affairs View All

22 Aug

Uttarakhand State Authority for Minority Education (USAME) Bill, 2025

'The Uttarakhand Assembly on Wednesday passed the Minority Education Bill, 2025, extending minority status benefits to institutions run by the Sikh, Jain, Buddhist, Christian, and

Read More

22 Aug

India needs a national space law urgently

'A nation with a strong base in science and technology is a nation with a strong backbone” — these words of A.P.J. Abdul Kalam ring truer than before as India celebrate

Read More

22 Aug

Organ transplantation

'The National Organ and Tissue Transplant Organisation (NOTTO) recently issued a direction stating that women patients and relatives of deceased donors will receive priority in org

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps