Optimism forgets employment

Ecuadornews:

More than 50 million young people are part of a labor market marked by unemployment, informality, and lack of opportunities. The issue was discussed in the context of preparations for the World Conference on the Sustained Eradication of Child Labor, to be held in November in Argentina.

These young workers represent just over half of the region’s 108 million young people, said Guillermo Dema, a youth employment specialist at the International Labor Organization (ILO) for Latin America and the Caribbean, when presenting a summary of the dimensions of this challenge at the seminar ‘What works in youth employment policies?’

7.8 million people are unemployed, and 48.3 million do have a job, although, of this total, 27 million are employed in informal conditions, while 30.4 million do not have any social security.

“Young people face greater obstacles than adults in the labor market,” said Dema, recalling that the youth unemployment rate is almost three times higher than that of adults. Also, the 7.6 million young people who seek employment without achieving it represent 43% of the total unemployed in the region. (I)

Source: http://www.expreso.ec/economia/trabajo-empleo-jovenes-subempleo-YL1739551