Incorporating the most recent labour market information available, Global Employment Trends for Youth sets out the youth labour market situation around the world. It shows where progress has or has not been made, updates world and regional youth labour market indicators, and gives detailed analyses of trends and issues facing young people in the labour market.
The 2022 edition discusses the impact of the COVID-19 pandemic on young people and their labour market prospects during the recovery and beyond. Youth have been disproportionately affected by the pandemic and youth labour markets are now being buffeted by the lingering impacts of the pandemic, geopolitical risks and macroeconomic risks such as the impact of supply chain disruptions and rising inflation, particularly that of food and energy. There is also the potential permanent damage wreaked by these crises on the fabric of labour markets. As countries seek to address these multiple challenges, they must also not lose sight of longer-term priorities. In particular, targeted investment in the green, blue (ocean), digital, creative and care economies hold great potential to provide decent jobs for young people while setting economies on path towards greater sustainability, inclusiveness and resilience.
The unemployment rate of young people in the Asia and Pacific region is projected to reach 14.9 per cent in 2022, the same as the global average, although there are important divergences between subregions and countries.