40 percent of the jobless worldwide are young people. There will be nearly 75 million unemployed youth aged 15 to 24 in 2012, an increase of nearly 4 million since 2007. The youth unemployment crisis can be beaten but only if job creation for young people becomes a key priority in policy-making.
April 2012 projections: ILO has downgraded its Global Employment Outlook forecast for 2012 and 2013, revising upwards global unemployment rates.
Social protection programmes can act as stabilizers mitigating the impact of economic crises on labour markets while contributing to maintaining social cohesion and stimulating aggregate demand.
Adopted by ILO constituents in June 2009, the Global Jobs Pact provides a set of policy measures centred on investments, employment and social protection.
Adopted in 2008 by the representatives of governments, employers and workers from all ILO member States, the Declaration expresses the contemporary vision of the ILO’s mandate in the era of globalization.