World-Wide Youth Unemployment the Highest in History

A new report find youth unemployment across the globe is the highest in history. The report by the International Labor Organization find since the financial crisis of 2008 that unemployment of people 15-24 is 630 million an increase of 7.8 million since 2009.

Thursday, was the declared the International Youth Year and the ILO warns that if this continues “significant consequences for young people as upcoming cohorts of new entrants join the ranks of the already unemployed.”

The report says the world faces a legacy of “lost generation” of teens and young adults who are discouraged and quit looking for work.

In addition, the article reveals that  youth jobs were hit harder than the adults during this recession. It’s expected that job growth will take longer that adults.

CNBC

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