If You're Young, The Job Outlook Is Grim No Matter Where You Live

[Purveyor]

The world needs at least 600 million new jobs in the next decade for young people

By Kasia Klimasinska

The World Bank has an unsettling message for young people around the globe: Whether you're male or female, live in Tunisia or the U.S., you will struggle to find a job.

Across regions and continents, people 15 to 29 years old are at least twice as likely as adults to be unemployed. The world will have to create 600 million jobs over the next 10 years, or 5 million a month, just to prevent the situation from getting worse, the Washington-based lender said in a report it released Tuesday with coalition partners such as the International Labor Organization.



The youngest workers have been hit hardest by the financial crisis and the global recession of the last decade because they often held the temporary jobs, which offer less protection. The youth unemployment rate is projected to be 13.1 percent in 2015, compared with 4.5 percent for adults, according to the ILO.

Global employers are looking not only for technical and academic skills, but also such qualities as being open, responsible or organized, according to the 155-page analysis titled "Toward Solutions for Youth Employment." Young workers are often either overqualified or underqualified for their jobs, it said.

"In emerging economies that are progressively more service-based, employers find a workforce population that lacks necessary skills," the report said. "Elsewhere, the problem is that many of the unemployed are highly educated but the market demands different competencies or more technical or vocational skills."

more...

http://www.bloomberg.com/news/articles/2015-10-13/if-you-re-young-the-job-outlook-is-grim-no-matter-where-you-live

[Blue_Tires]

1. It ain't exactly rosy for me, and I'm 39...

[appalachiablue]

2. K & R. This is very disturbing alright, esp. for the young. Hope we're not seeing a

Lost Generation, or generations.

[milestogo]

3. I've heard its better for 18-25 yr old men in Mexico

Better to be that age than over 40, which makes it impossible to find a job. Of course we're talking about low paying jobs that rely on physical strength and endurance.

[Demeter]

4. I keep trying to explain this to my sister (she's disabled)

that my daughter will never have the opportunities my sister and I had. She doesn't get it, or doesn't believe it. Since there is no "network" we belong to, just lumpen-99%, I don't expect miracles.

[nxylas]

5. I get the same thing with my dad

He came to England from Greece at a time (1961) when jobs were plentiful and well-paid, and he doesn't seem to get that it's not like that now.