Job Creation

Young people represent both current and future employees, investors, and consumers, creating an important opportunity for business. Ultimately, enterprises need skilled human capital to grow and thrive, and the supply of youth talent is critical for business to compete and grow in a competitive and rapidly changing environment.

Today’s youth is well-educated and represents the labour force of tomorrow. However, youth unemployment remains a pressing economic, social and political issue affecting peace, stability, security and the development path of almost every country.

World Bank and ILO statistics tell us that globally, 75 million young people are registered unemployed, 620 million are not in training or seeking work and 600 million will enter the job market in the next decade with only 200 million jobs awaiting them.

Creating quality jobs for young women and men entering the labour market is thus a critical component in the path towards wealthier economies, fairer societies and stronger democracies. Improving employment opportunities for young people requires a broad and concerted effort from all stakeholders.

It is through employment that young people can realize their aspirations, improve their living conditions and fulfil their responsibilities, not only as productive agents but also as citizens. The opportunities that are being created for young people today lay the foundations for what economies will be able to achieve tomorrow.