World Employment and Social Outlook
Trends for Youth 2016
Stefan Kühn, Santo Milasi, Richard Horne, Sheena Yoon | ILO | 2016
The report provides updated figures on global and regional youth unemployment. It also looks at working poverty rates, decent work opportunities in both developed and developing economies as well as gender inequalities and migration trends among young people.
Despite anticipation of a slight improvement in global growth for 2017, global investment and hiring decisions remain subdued in the face of the uncertainty generated by a rapidly changing environment.
Consequently, the global youth unemployment rate is on the rise after a number of years of improvement, and is expected to reach 13.1 per cent in 2016 (from 12.9 in 2015). This is very close to its historic peak in 2013 (at 13.2 per cent) and where it is expected to remain in 2017. As a result, after falling by some 3 million between 2012 and 2015, the number of unemployed youth globally will rise by half a million in 2016 to reach 71 million and will remain at this level in 2017.
The deterioration is particularly marked in emerging countries where the unemployment rate is predicted to rise from 13.3 per cent in 2015 to 13.7 per cent in 2017 (a figure which corresponds to 53.5 million unemployed in 2017, compared to 52.9 million in 2015). The youth unemployment rate in developing countries is expected to remain relatively stable, at around 9.5 per cent in 2016, but in terms of absolute numbers it should increase by around 0.2 million in 2016 to reach 7.9 million unemployed youth in 2017, largely due to an expanding labour force. Finally, in developed countries, the unemployment rate among youth is anticipated to be the highest globally in 2016 (14.5 per cent or 9.8 million) and although the rate is expected to decline in 2017, the pace of improvement will slow (falling only to 14.3 per cent in 2017).