UN says global youth unemployment rate will rise
AP image
Copyright 2011 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Posted: 09/04/2012
GENEVA - The U.N.'s labor office says youth unemployment is likely to rise globally to 12.9 percent by 2017 as more young people leave the work force and the euro crisis spreads to emerging economies.
The current rate of unemployment among youths aged 15 to 24 is 12.7 percent globally.
An International Labor Office report Tuesday said the highest regional rate -- above 25 percent -- is expected to remain in North Africa and the Middle East.
However, Ekkehard Ernst, the report's lead author, said that large numbers of young people also are expected to completely give up looking for work.
That means the actual number of youths who count as "unemployed" is expected to fall globally from 74 million in 2012 to 73 million in 2017.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
PRINTTampa Bay Jobs
-
Find jobs in Tampa Bay
Looking for a new career? New job advice? We are here to help. Check out all the latest Tampa Bay jobs.
Top Money Headlines
-
She says cell carrier let her down
Can you hear me now. That is exactly what one cell phone customer found herself asking over and over again. Terry Sapp told our Taking Action reporter Jackie Callaway she simply could not get service of any kind from her carrier.
-
Kmart unleashes another near-profane ad
-
4 credit score myths that are not true
-
RECALL: Cadillac SUV wheels may fall off
-
Consumer Reports: Best & worst airlines
-
Good news: Used car prices finally drop
