Youth and Employment in Latin America and the Caribbean: Problems, Prospects and Options
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چکیده
It is critical because average unemployment among young people is, in all countries of the region, much higher than average unemployment overall. In fact, in Latin America and the Caribbean the youth unemployment rate is twice the overall unemployment rate and three times the rate for adults; in some countries it is as high as five times the rate for adults over age 45. What is more, young people account for about 50 per cent of all unemployed workers in nearly every country in the region. The situation is especially critical in certain countries, where unemployment among 15to 24-year-olds circa 1999 reached levels of 29.5 per cent (Panama) and 27.9 per cent (Uruguay and Venezuela), according to ILO data. The same source indicated that the situation was particularly serious among 15to 19-year-olds, whose unemployment rates were 37 per cent in Colombia, 35.9 per cent in Argentina and 29.2 per cent in Chile. While open urban unemployment in 1998 was 7.2 per cent in Chile and 10.2 per cent in Uruguay, youth unemployment was 20.8 per cent (15to 19-year-olds) and 15.1 per cent (20to 24-year-olds) in Chile and 25.1 per cent (15to 24-year-olds) in Uruguay. These gaps were also observed circa 1997 in the OECD countries, where youth unemployment was about 13.4 per cent, compared to 5.9 per cent for adults.
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