Youth unemployment rising in China and Brazil, ILO says
By Tom Miles
GENEVA Oct 8 (Reuters) - Youth unemployment is coming down in rich countries but rising in China and Brazil as economic growth abates, the International Labour Organization said on Thursday.
Worldwide, the number of unemployed youth - those aged 15-24 who want to work but cannot find jobs - dropped to 73.3 million in 2014 from a peak of 76.6 million in 2009.
But the youth unemployment rate in China has risen from 9.3 percent in 2010 to 10.6 percent last year. It is projected to reach 10.8 percent this year and 11.1 percent in 2016, the ILO said.
China's youth population will actually have shrunk by a quarter over those seven years, to 181 million, but the number of young people without jobs will have dropped by only 1 million over the same period.
Azita Berar-Awad, director of the ILO's employment department, said slower growth meant fewer jobs for young Chinese who had migrated to the cities, but a surfeit of graduates was also to blame.
"They've had an explosion of university graduates in the past so many years, with investments in universities, and not all these qualified young people find jobs that meet their qualifications, even in a growing economy like China," she said.
In some other countries, more people going to university has helped reduce youth unemployment, as young people leave the labour market.
Like China, Brazil is also seeing slower economic growth. Its youth unemployment rate, 16.0 percent in 2010, has been at 14.0 percent or below for the past three years. But in the first two quarters of 2015 it averaged 15.8 percent. Continuación...