Youth unemployment in Brazil still affects a quarter of this population, above the world average. The data was released this Thursday by the ILO (International Labor Organization).
According to the Geneva-based entity, the Brazilian ratio also shows that more than 23% of the population aged 15 to 24 are neither working nor studying.
“Brazil has been hit hard by the pandemic, with youth unemployment rising from 25.2% in the fourth quarter of 2019 to 30.7% in the fourth quarter of 2020, while the youth workforce participation rate from 56.6% to 51.8% It fell to the same period”, says the ILO.
But then the labor markets recovered, and both unemployment rate and labor force participation returned to pre-pandemic levels in the fourth quarter of 2021. This translates to a youth unemployment rate of 24.6% and participation of 56.9%. “However, 1 in 4 young Brazilians are unemployed,” he warns.
The situation puts Brazil in a worse position than the world average, with youth unemployment reaching 14.9% in 2022. The unemployment rate for this community in Europe and Central Asia was 16%. In Asia, the forecast rate for the year is 14.9%.
Brazil also has a higher rate than the Latin American average, where unemployment among the population aged 15 to 24 is estimated at 20%.
Another fact that attracts the attention of the institution is that 23.4% of Brazilians do not work or study. The rate is almost the same as before the pandemic. However, the inequality between the sexes is considered to be worrying. Today this is true for 28% of women and 18% of men.
The warning from the ILO is that girls’ return to activity after the reopening of schools and the economy is not happening at the same pace as boys.
This can also be identified in the index created by the ILO that assesses the underutilization of the youth workforce. Today, 34% of Brazilians of this age are unemployed or can’t even go out to look for work.
However, this rate reaches 40% for Brazilian women. During the pandemic period, half of the youth in the country were experiencing this situation.
“Potential workforce are defined as unemployed persons who express an interest in work, but for whom current circumstances limit their active search for work,” the ILO explains.
For example, people who are discouraged from seeking employment are part of the potential workforce. These are young people who are unemployed and ready to work, but have not recently sought a job for certain reasons. “For example, believing that there are no suitable jobs available, believing they have nothing to qualify for, or giving up hope of getting a job,” the agency says.
The world failed to recover and young people who did not work and did not work broke records
In the rest of the world, Martha Newton, deputy director of the ILO, points out that there has been a slight improvement in the working conditions of young people. But rates remain above average for the years before the pandemic.
Unemployment reaches 73 million young people in 2022, compared to 75 million in 2021. But it’s still 6 million above the rates recorded in 2019.
23.3% of the world’s youth today do not have a job or education. This is the worst rate since the ILO began collecting data in 2005.
source: Noticias
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