Unemployment and labor inestability for youngsters was discussed in the OIT
Posted On 14 Feb 2014
During the presentation of the report ‘Decent work and youth in Latin America’, the regional director of the international organization of work (OIT), Elizabeth Tinoco, said that the young people of ages 15 to 24 are the most affected by unemployment and lack of employment.
Of 108 million of young Latin American people, slightly more than half, 56,1 million are occupied or are seeking jobs, and a 13.9% looks for work and does not get it, this represents 7.8 million. “The rate triples the adult unemployment: three young per each adult has no employment”, she said.
The report indicates that about 27 million young people are informal workers, this means a 55.6% of busy young people is affected by job instability and lack of rights, whether in the informal sector, or in formal enterprises or in domestic households jobs.
On the other hand, in the region 21.8 millions of young people do not study or work (20.3% of working age young people) called ‘ni-nis’. However 12 million of them are engaged in household chores. The representative of the Agency said that 70% of those who do not study or work are young women.