Youth Issues

Global Youth Unemployment: Powder Keg to Explode Capitalism


Young people in Tunisia lead the way in fighting back against unemployment

by Scott Williams

The statistics are alarming. Young people make up 17 percent of the world’s population, but 40 percent of its unemployed. Official reports say the global unemployment rate is 4.5 percent, while the world youth unemployment rate is 12.6 percent. However, it’s really much higher.

Global youth unemployment: Myths vs Facts

The world has 1.2 billion youth between the ages of 15 to 24. Eighty-seven percent live in Asia, Africa, Latin America and Eastern Europe. About 30 percent of the world’s youth, or 357 million, are not in school or employed. Of those employed in “developing” countries, 536 million are underemployed, compared with 1.5 million in the 27 countries in the European Union. The highest rates of youth unemployment are found in Northern Africa and the Middle East, according to the World Economic Forum, an international nonprofit based in Switzerland.