To coincide with the start of the International Year of Youth, the International Labour Organisation (ILO), an agency of the United Nations (UN), has launched a new report on youth unemployment to analyse the impact of the global economic crisis on young people. The report found that for young people, unemployment, underemployment and discouragement can have a long term negative impacts and possibility compromise their future work prospects.
In the European Union, youth unemployment rates increased by 4.6 percentage between 2008 and 2009, which marks the largest annual increase in youth unemployment rates ever recorded in any of the world's regions. Worryingly the report concluded that despite the global youth unemployment rate climbing from 11.9 per cent in 2007 to 13 per cent in 2009, it is still expected to have climbed even higher during the course of 2010.
Read the ILO Press Release - 11/08/2010 - World economic crisis has spurred a record increase in youth unemployment says ILO
Download the report - 08/2010 - Global Employment Trends for Youth
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