Report from Greece
Gains in employment rates for young people have been wiped out by the economic crisis. According to the ILO's Global Employment Trends for Youth 2012, it may take 4-5 years before jobs rebound. In the meantime, many of the 75 million unemployed young people will completely give up looking for work.
ILO's Theodoor Sparreboom, Senior Economist author of the study, explains the current youth unemployment rates, which at a global level, are stuck at 12,7%.
Video highlights of the Press conference
José Manuel Salazar-Xirinachs, Executive Director of the ILO Employment Sector, presents the Global Employment Trends for Youth to the media in Geneva.
The global youth unemployment rate for 2012 remains stuck at crisis peak levels and is not expected to come down until at least 2016.
Many discouraged youth have essentially given up looking for a job, reflecting an increasing detachment from the labour market.
More than 6 million youth worldwide have dropped out of the labour force. They either have given up searching for a job or have decided to prolong their studies.
The use of temporary contracts for young workers has nearly doubled since the onset of the economic crisis.