News: ILO says that 70 million youth will be unemployed in 2013 globally

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ILO says that 70 million youth will be unemployed in 2013 globally

A Hindu Business Line article states that the International Labour Organisation (ILO) brought out a report stating that 70 million youth across the world will be unemployed by the end of 2013. Among the developing nations, the report states that countries such as India and China that has about 90% of the world’s youth, 60% had neither work, not were they studying or engaged in any irregular profession.

Hindu Business Line article states that the International Labour Organisation (ILO) brought out a report stating that 70 million youth across the world will be unemployed by the end of 2013. Among the developing nations, the report states that countries such as India and China that has about 90% of the world’s youth, 60% had neither work, not were they studying or engaged in any irregular profession.

In developing nations, such as India, there is a considerable existence of skills mismatch, with as much as two thirds of young workers receiving below average wages and are engaged in work for which they are either over qualified or under qualified.

Read the Hindu Business Line article here.

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Topics: C-Suite, #Updates

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