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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 This figure highlights that, young people have withdrawn from labour markets.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 

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