Towards Solutions for Youth Employment: A 2015 Baseline Report
One third of the world’s 1.8 billion young people are currently neither in employment, education or training. Of the 1 billion more youth that will enter the job market in the next decade, only 40% are expected to be able to get jobs that currently exist. The global economy will need to create 600 million jobs over the next 10 years to keep pace with projected youth employment rates. This report shows that reversing the youth employment crisis is a pressing global priority and the socio-economic cost of inaction is high.
The report has been produced by Solutions for Youth Employment (S4YE) – a global coalition established to improve youth access to work opportunities. The coalition is a partnership started by the World Bank Group, Plan International, the International Youth Foundation, Youth Business International, RAND, Accenture and the International Labour Organization.
Global youth unemployment risks
While circumstances differ in various regions, the report adds, the issues remain the same – the world’s youth are unable to find sustainable productive work. This contributes to inequality and social tension, and poses a risk to national and global prosperity and security.
'Towards Solutions for Youth Employment' provides trends, identifies constraints, and provides potential solutions to the youth employment crisis based on knowledge of successful programmes. It highlights specific populations – young women, youth in conflict-affected and fragile states, as well as rural and urban youth – that require dedicated attention.
Tracking Sustainable Development Goals
Today’s youth will not be able to escape poverty by 2030 if they do not have a means of employment, finds the report. New targets related to youth employment in the United Nations Sustainable Development Goals (SDGs) reflect this recognition and desire for change. The report helps track the SDGs by providing a baseline against which to measure progress.
Success, sustainability, and scale in reaching full youth employment will not be possible without collaboration involving government and public insitutions at all levels, says the report. The Solutions for Youth Employment coalition is committed to seeing 150 million more youth at work. It envisions a world where an empowered and employed young generation drives global prosperity. To this end, it aims to foster global coordination, learn by collecting and using evidenced-based knowledge, and leverage resources to scale-up proven solutions.