According to a new report released by the United Nations’ International Labour Organisation, an estimated 73 million young people will be out of work this year.
The report, which calls for creative and wide-ranging policy solutions to address the problem, states that the weakening of the global recovery has further aggravated the youth jobs crisis and that queues for available jobs have become longer and longer for young jobseekers.
ILO assistant director general for policy, Jose-Manuel Salazar-Xirinachs, says is it important for governments to invest more in training and retraining. The report further notes that the long-term impact of the youth employment crisis could be felt for decades.
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