ILO report warns spectre of lost generation of jobless youth, urges world governments to sustain stimulus programs
The global economic crisis has spawned a 'lost generation' of unemployed youth, which according to the International Labour Organisation (ILO) would be hard up to recover following the two years of worldwide recession.
The ILO reported on Monday that a total of 81 million jobless people and aged between 15 and 24 went without work in 2009 as the labor body warned that the record figures could lead to economic waste and social unrest for some countries hardest hit by runaway unemployment.
The ILO report, release of which coincided with the International Year of Youth, noted that the results reflected youth jobless rate that was a notch higher than adult unemployment data.
ILO said that the global rate has reached a troubling 13 percent and compared to standings previously recorded, the numbers led to eight million more of deterioration incidence, with about 45 percent of spikes occurring in Europe, where formal employment is the usual norm.
The report underscored that hardest hit by the problem were developing countries, where social securities were virtually non-existent and people were reduced to performing odd works in order to survive.
ILO called into attention the problem's ill effects in countries like India, Nepal and Cambodia as workers there were being reduced to sub-human working environments and below par compensations that further pushed them to severe poverty.
In an interview with Radio Australia's Connect Asia, ILO economist Kee Beom Kim cited that more that 150 million youth are currently working but the prospect for them to defeat poverty is almost nil as he stressed that "28 percent of young working people are in extreme poverty."
With most of these young people ensnared in backbreaking and mostly unpaid works, the possibility for them to breakout and take on better paying jobs is almost remote.
To counter the worsening situation, the ILO called on governments to sustain their programs of integrating vocational training on their economic stimulus packages deployed last year as the agency warned that doing otherwise could lead to further economic complications.