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    Home»Featured»More than one in six young people out of work due to COVID-19, ILO report
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    More than one in six young people out of work due to COVID-19, ILO report

    Finance KhabarBy Finance KhabarMay 29, 2020No Comments2 Mins Read
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    More than one in six young people have stopped working since the onset of the Covid 19 pandemic, while those who remain employed have seen their working hours cut by 23 per cent, says the International Labour Organization (ILO).

    According to the ILO Monitor: Covid 19 and the world of work, 4th edition, youth are being disproportionately affected by the pandemic, and the substantial and rapid increase in youth unemployment seen since February is affecting young women more than young men.

    More Than One In Six Young People Out Of Work Due To COVID-19
    “The pandemic is inflicting a triple shock on young people. Not only is it destroying their employment, but it is also disrupting education and training, and placing major obstacles in the way of those seeking to enter the labour market or to move between jobs,” the ILO has said.

    “The COVID-19 economic crisis is hitting young people – especially women – harder and faster than any other group. If we do not take significant and immediate action to improve their situation, the legacy of the virus could be with us for decades. If their talent and energy is side-lined by a lack of opportunity or skills it will damage all our futures and make it much more difficult to re-build a better, post-COVID economy,” said ILO Director-General, Guy Ryder.

    The Monitor calls for urgent, large-scale and targeted policy responses to support youth, including broad-based employment/training guarantee programmes in developed countries, and employment-intensive programmes and guarantees in low- and middle-income economies.

    The 4th edition of the Monitor also looks at measures to create a safe environment for returning to work. It says that rigorous testing and tracing (TT) of COVID-19 infections, “is strongly related to lower labour market disruption… [and] substantially smaller social disruptions than confinement and lockdown measures.”

    In countries with strong testing and tracing, the average fall in working hours is reduced by as much as 50 per cent. There are three reasons for this: TT reduces reliance on strict confinement measures; promotes the public confidence and so encourages consumption and supports employment; and helps minimize operational disruption at the workplace.

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