ILO calls for change in Youth employment policies.
The International Labour Organisation (ILO) warned that unless there was a change in policy direction, the job market would remain subdued until the end of 2016 and economic growth in the regions may slow further.
Source : https://www.marocafrik.com/english/ILO-calls-for-c...
"The narrow focus of many eurozone countries on fiscal austerity is deepening the jobs crisis and could even lead to another recession in Europe", said Raymond Torres, the lead author of the ILO Report.
The agency said that austerity measures, especially in advanced economies, were hurting job creation.
"It is unlikely that the world economy will grow at a sufficient pace over the next couple of years to both close the existing jobs deficit and provide employment for the more than 80 million people expected to enter the labour market during this period," the ILO says.
It said that more than 40% of jobseekers in advanced economies had been without work for over a year indicating that it was taking much longer for people to find jobs. At the same time, the agency noted that youth unemployment had been rising in both developed as well as developing economies, a trend which it warned could have far reaching implications."This has huge economic costs in terms of loss of skills and motivation, and could lead to human capital depreciation," the ILO said in its report.
"There may also be accompanying social implications in terms of increased social strife, riots, illness, and so forth."
Data out last week showed that the unemployment rate in Spain hit a new record high of 24.4% at the end of March. The ILO criticisesEurope for its concentration on austerity measures which are hurting growth prospects.
However, the agency said that employment rates in developing economies had recovered much faster and had surpassed pre-financial crisis levels.
On its website the ILO sites Tunisia as an example of what can be achieved by concentrating on youth employment schemes which concentrate on developing individual initiative and entreprenteurship. The Arab Spring opened up opportunities for job creation but a year on young people are still facing rising unemployment, it says.
In Tunisia one in three unemployed, 20,000 graduates are enterring the jobs market annually. It is actually easier to get a job without a degree. There are 80,000 graduates from scools.Graduates end up taking work well below their expectations. Advanced post degrees masks people hiding out from jobs. Infact in Tunisia during the Ben Ali regime this was already a strategy used by the regime to hide the true unemployment figures. Older graduates who have taken a masters post graduate degree and are 30 to 40 years old are also making competition for jobs for 25 year olds more difficult.
It is clear that the public and private sectors cannot absorb the number of job applications. The ILO says that there has to be a concerted policy for youth employment and that this is starting to happen in North Africa. In Tunisia the Amal scheme provides an allowance to help young people to find jobs and training and it challenges them to think for themselves and consider becoming entrepreneurs.
In Algeria,Tunisia and Morocco the USA has promoted the Napeo initiative is also encouraging entrepreneurship projects and the trend has been supported by government and buget statements in all three countries. The message is that it is up to jobseekers themseleves to find work by creating their own job opportunities.
An ILO video on employment in Tunisia begins with a popcorn seller in the centre of Tunis who is doing well despite many around him being unemployed. His brother helped and encouraged him to set up. It also shows a young graduate who has started up her own business in exercise threapy for the disable or injured which is thriving.Self help was one of the lessons of the depression in the 1930's.
It does seem that the system of employment and the way our economies work as regards wealth creation has suffered a major blow from which it is not going to recover easily or quickly. Individual initiative supported by governments is one way to tackle the problem but unless governments begin to adopt policies for growth alongside debt reduction as US President Franklin Delano Roosevelt did in the recession during the 1930's there will be a lost generation and this is a global problem.The ILO has a Youth Employment Programme (YEP) . which provides assistance to countries in developing coherent and coordinated interventions for youth employment.
The ILO video on Tunisia shows that it is not only graduates who can benefit by using their own initiative. The pop cornseller left school early but unlike Mohamed Bouazizi he found help and guidance. Much of course depends on regional circumstances and the unemployment in the east of Tunisia requires a major government initiative to resolve the problem: it has always been easier to find work in the cities because of their economically diversified nature.
The agency said that austerity measures, especially in advanced economies, were hurting job creation.
"It is unlikely that the world economy will grow at a sufficient pace over the next couple of years to both close the existing jobs deficit and provide employment for the more than 80 million people expected to enter the labour market during this period," the ILO says.
It said that more than 40% of jobseekers in advanced economies had been without work for over a year indicating that it was taking much longer for people to find jobs. At the same time, the agency noted that youth unemployment had been rising in both developed as well as developing economies, a trend which it warned could have far reaching implications."This has huge economic costs in terms of loss of skills and motivation, and could lead to human capital depreciation," the ILO said in its report.
"There may also be accompanying social implications in terms of increased social strife, riots, illness, and so forth."
Data out last week showed that the unemployment rate in Spain hit a new record high of 24.4% at the end of March. The ILO criticisesEurope for its concentration on austerity measures which are hurting growth prospects.
However, the agency said that employment rates in developing economies had recovered much faster and had surpassed pre-financial crisis levels.
On its website the ILO sites Tunisia as an example of what can be achieved by concentrating on youth employment schemes which concentrate on developing individual initiative and entreprenteurship. The Arab Spring opened up opportunities for job creation but a year on young people are still facing rising unemployment, it says.
In Tunisia one in three unemployed, 20,000 graduates are enterring the jobs market annually. It is actually easier to get a job without a degree. There are 80,000 graduates from scools.Graduates end up taking work well below their expectations. Advanced post degrees masks people hiding out from jobs. Infact in Tunisia during the Ben Ali regime this was already a strategy used by the regime to hide the true unemployment figures. Older graduates who have taken a masters post graduate degree and are 30 to 40 years old are also making competition for jobs for 25 year olds more difficult.
It is clear that the public and private sectors cannot absorb the number of job applications. The ILO says that there has to be a concerted policy for youth employment and that this is starting to happen in North Africa. In Tunisia the Amal scheme provides an allowance to help young people to find jobs and training and it challenges them to think for themselves and consider becoming entrepreneurs.
In Algeria,Tunisia and Morocco the USA has promoted the Napeo initiative is also encouraging entrepreneurship projects and the trend has been supported by government and buget statements in all three countries. The message is that it is up to jobseekers themseleves to find work by creating their own job opportunities.
An ILO video on employment in Tunisia begins with a popcorn seller in the centre of Tunis who is doing well despite many around him being unemployed. His brother helped and encouraged him to set up. It also shows a young graduate who has started up her own business in exercise threapy for the disable or injured which is thriving.Self help was one of the lessons of the depression in the 1930's.
It does seem that the system of employment and the way our economies work as regards wealth creation has suffered a major blow from which it is not going to recover easily or quickly. Individual initiative supported by governments is one way to tackle the problem but unless governments begin to adopt policies for growth alongside debt reduction as US President Franklin Delano Roosevelt did in the recession during the 1930's there will be a lost generation and this is a global problem.The ILO has a Youth Employment Programme (YEP) . which provides assistance to countries in developing coherent and coordinated interventions for youth employment.
The ILO video on Tunisia shows that it is not only graduates who can benefit by using their own initiative. The pop cornseller left school early but unlike Mohamed Bouazizi he found help and guidance. Much of course depends on regional circumstances and the unemployment in the east of Tunisia requires a major government initiative to resolve the problem: it has always been easier to find work in the cities because of their economically diversified nature.
Source : https://www.marocafrik.com/english/ILO-calls-for-c...