It becomes hellish when the job crisis began in the world mostly in war prone zones and politically tensed areas.Youth joblessness is almost back at its peak following the outbreak of the global economic crisis. This is unlikely to ease until at least 2016, the International Labour Organization warned on Tuesday.
The ILO said nearly 75 million youths or 12.7 percent of people aged 15 to 24 will be out of work this year, up from 12.6 percent in 2011. The jobless total is skulking towards the 75.4 million unemployed in 2009 when the financial crisis caused the number to soar. The portrayal becomes pessimistic if the millions who have put off looking for a job , put the 2011 figure at 13.6 percent.
Youths opting to prolong their education will meanwhile enter the labor market in the coming years, putting continued pressure on the jobless rate.
"By 2016, the youth unemployment rate is projected to remain at the same high level," said the ILO.In its Global Employment Trends for Youth report, the body suggests offering tax and other incentives to businesses hiring young people and more entrepreneurship programmes to help youth’s kick-start a career.
"The youth unemployment crisis can be beaten but only if job creation for young people becomes a key priority in policy-making and private sector investment picks up significantly," said executive director of the ILO's employment sector, Jose Manuel Salazar-Xirinachs. At least 27.9 percent of youths were unemployed in North Africa last year following the Arab spring uprisings, an increase of five percentage points on 2010 and in the Middle East estimates 26.5 percent. In Central and South-Eastern Europe the unemployment rate fell slightly to 17.6 percent in 2011 and Latin America and the Caribbean also saw a small decrease to 14.3 percent.
In Sub-Saharan Africa, the rate stood at 11.5 percent compared to 13.5 percent in south-east Asia and the Pacific.
"Even in East Asia, perhaps the most economically dynamic region, the unemployment rate was 2.8 times higher for young people than for adults," said the report of ILO.The statistics showed the jobs crisis tended to have a stronger impact on women in most regions.
The socio economic and cultural arena not only in a country but also in the whole world would definitely be affected due to this joblessness.