{"id":218736,"date":"2024-03-30T18:06:49","date_gmt":"2024-03-30T18:06:49","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/30\/young-indians-more-likely-to-be-unemployed-if-educated-ilo\/"},"modified":"2025-06-25T17:19:36","modified_gmt":"2025-06-25T17:19:36","slug":"young-indians-more-likely-to-be-unemployed-if-educated-ilo","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/30\/young-indians-more-likely-to-be-unemployed-if-educated-ilo\/","title":{"rendered":"Young Indians more likely to be unemployed if educated: ILO"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2024\/03\/GettyImages-2110555862-e1711820029267.jpg?w=2048\" \/><\/p>\n<div data-cy=\"articleContent\">\n<p>In India, higher educated young people are more likely to be unemployed than those without any schooling, according to the\u00a0<a href=\"https:\/\/www.bloomberg.com\/quote\/261759Z:SW\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"sc-c908bf88-0 iyWINF\">International Labour Organization<\/a>.<\/p>\n<div class=\"paywall\">\n<p>The jobless rate for graduates was 29.1%, almost nine times higher than the 3.4% for those who can\u2019t read or write, a new ILO\u00a0<a href=\"https:\/\/www.ilo.org\/global\/docs\/WCMS_921154\/lang--en\/index.htm\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"sc-c908bf88-0 iyWINF\">report<\/a>\u00a0on India\u2019s labor market showed. The unemployment rate for young people with secondary or higher education was six times higher at 18.4%.<\/p>\n<p>\u201cUnemployment in India was predominantly a problem among youths, especially youths with a secondary level of education or higher, and it intensified over time,\u201d the ILO said.<\/p>\n<p>The figures suggest a sharp mismatch between the skills of the labor force and the jobs being created in the market. It also underscores\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-26\/india-making-mistake-believing-hype-about-growth-rajan-says\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"sc-c908bf88-0 iyWINF\">warnings<\/a>\u00a0by well-known economists like former central bank Governor\u00a0Raghuram Rajan\u00a0that India\u2019s poor schooling will hinder its economic prospects over time.<\/p>\n<p>\u201cYouth unemployment rates in India are now higher than the global levels,\u201d the ILO said. \u201cThe Indian economy has not been able to create enough remunerative jobs in the non-farm sectors for new educated youth labor force entrants, which is reflected in the high and increasing unemployment rate.\u201d<\/p>\n<p>In China, the jobless rate for young people aged 16-24\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-20\/china-youth-unemployment-rises-in-february-after-data-revamp\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"sc-c908bf88-0 iyWINF\">climbed<\/a>\u00a0to 15.3% in the first two months of the year, about three times higher than the 5.3% rate for the urban population.<\/p>\n<p>While the share of young unemployed Indians \u2014 aged 15-29 \u2014 dropped to 82.9% in 2022 from 88.6% in 2000, the share of educated youths climbed to 65.7% from 54.2% in the period, the ILO figures show.<\/p>\n<p>Women are particularly hard hit. They accounted for 76.7% of the educated unemployed youths compared with 62.2% for men, the figures show. Joblessness was also higher in urban areas than in rural parts.<\/p>\n<p>India has one of the lowest female labor force participation rates in the world, at about 25%, the ILO said. The rate improved during the pandemic after a \u201csignificant increase\u201d in subsistence employment, it said.<\/p>\n<p>The report also cautioned about the rise in so-called gig jobs, or temporary and low-paying employment, like food delivery drivers. Digital platforms have blurred the distinction between employees and self-employed individuals, creating new challenges for the well-being and working conditions of workers, the ILO said.<\/p>\n<p><em>\u2014 With assistance from Swati Gupta<\/em><\/p>\n<ol\/><\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/fortune.com\/asia\/2024\/03\/30\/young-people-india-more-likely-unemployed-if-educated-international-labour-organization\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] In India, higher educated young people are more likely to be unemployed than those without any schooling, according to the\u00a0International Labour Organization. The jobless<\/p>\n","protected":false},"author":1,"featured_media":218737,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[149],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/218736"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=218736"}],"version-history":[{"count":3,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/218736\/revisions"}],"predecessor-version":[{"id":332538,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/218736\/revisions\/332538"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/218737"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=218736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=218736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=218736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}