Promoting formal employment among youth: innovative experiences in Latin America and the Caribbean.

Formalizing employment, particularly youth employment, continues to pose a challenge for the countries of the region. Currently, 13% of youth are unemployed and 55.7% are informally employed (ILO 2013 and ILO 2014). The challenge of enabling the new labour force to actively participate in the labour market is compounded by the additional challenge of guaranteeing that the new jobs meet decent work criteria.