Today, the odds are stacked against youth around the world. In the next 10 years...
- Over 1 billion people will enter in the job market;
- Only 40% will be able to enter jobs that currently exist;
- 621 million young people are not employed or in education or training;
- Young people are 4x more likely to be employed than adults.
With a record number of young people on the planet, combatting the persistent youth employment crisis will take teamwork, a strong knowledge base, and targeted resources.
The challenge to provide employment opportunities for the large number of diverse young people is enormous, as this report shows. The reward, however, can be even greater if all of the world’s youth find opportunities to realize their potential. As this report shows, our current responses to youth employment issues are disproportionate and disjointed, and all too often ill informed. The authors say that without a renewed sense of purpose and action from all, our good intentions outlined in the Sustainable Development Goals (SDGs) will ultimately wither—and a generation will be lost. However, this report notes that—for the first time—there is clear evidence that investments in youth employment pay off. The report also shows which types of interventions are beginning to realize larger impacts. The authors argue that we need to consolidate this knowledge and increase resources toward initiatives that show the most impact, and to intensify our learning to even better inform our practices toward impact and scale.
You can also access the Spanish version of the Overview here.
About Solutions for Youth Employment (S4YE)
Solutions for Youth Employment (S4YE) was launched in October 2014 as a multistakeholder Coalition to positively disrupt the youth employment landscape. S4YE is a partnership initiated by the World Bank, Plan International, the International Youth Foundation (IYF), Youth Business International (YBI), RAND, Accenture, and the International Labour Organization (ILO) with a view to contributing to a world where all youth have access to work opportunities.
The mission of S4YE is to provide leadership and catalytic action and mobilize efforts to significantly increase the number of young people engaged in productive work by 2030. It seeks to develop innovative solutions through practical research and active engagement with public, private and civil stakeholders, to enable solutions for all youth at scale. This inaugural report explores how S4YE can find and advance solutions to the challenges of getting all youth into productive work.