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AEYP_Decent work and youth unemployment

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Presentation @ African - Europe youth platform seminar on youth (un)employment: Decent Work and Youth Unemployment by Amanuel Grunder

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AEYP_Decent work and youth unemployment

  1. 1. Youth Unemployment: tapping the potentialBy Amanuel Grunder Making sense of the conundrum
  2. 2. African Maverick ofEntrepreneurship Bethlehem Tilahun Alemu  Age: 32   Studied accounting  Started SoleRebels in 2004 at age 24  Footwear made out of recycled materials  with $ 10,000 starting capital  75 full-time employees; more than 200 local suppliers of raw materials  Young Global Leader, World Economic Forum, 2011  Africa Awards for Entrepreneurship winner, 2011  Listed as one of Africas Most Successful Women, Forbes, 2012  Social Entrepreneur of the Year Award, World Economic Forum on Africa, 2012  According to the World Fair Trade Organization (WFTO), SoleRebels is the planets first fair trade green footwear company  $ 2million worth of shoes sold
  3. 3. Sole Rebel Footwear
  4. 4. Numbers: Youth Unemployment High youth unemployment is one of the biggest problems confronting societies around the world  - but do we really know how bad the situation is?How the big numbers break downRegion Young unemployed (millions) (%) World 74.5 12.6 Developed Economies and EU 10.8 18.0 Central and South-Eastern Europe 4.4 17.6 East Asia 12.9 9.0 South East Asia and the Pacific 7.8 13.5 South Asia 13.0 9.8 Latin America and the Caribbean 8.0 14.3 Middle East 3.4 26.5 North Africa 3.9 27.9 Sub-Saharan Africa 10.3 11.5Source: ILO
  5. 5. Numbers: Youth Unemploymentcontinued…GlobalYouthUnemployment
  6. 6. Numbers: Youth Unemploymentcontinued… Young people are:  Three times more likely to be jobless 7.5 million  are not in education or training Youth unemployment rate is highest in  North Africa - 27.9% and lowest in  East Asia - 9%
  7. 7. Worrying reality The statistics are terrifying!!!  the United Nations estimates that close to 75 million 15 to 24-year-olds around the world are out of work That is almost the population of France and the Netherlands together!  With a combined GDP of 3 trillion dollars
  8. 8. 75 million young, ambitious and energetic youngpersons - unemployed- Approximately 15 million of these in Africa
  9. 9. Absorbing 15 million youngpeople How will African countries be able to absorb 15 million youth  Without considering the African Union definition of a young person is not 15-24  It is 15 – 35 years!  Meaning the number of un-employed youth according to the AU definition is probably higher Even with an estimated 6% growth  The continent cannot absorb all the youth with jobs created
  10. 10. Silver lining in the clouds Entrepreneurship and self-employment  A way to drive economic growth?  A way to curb youth unemployment  A way to tap potential of young people
  11. 11. Fostering a conducive environmentfor Creativity and Entrepreneurship(C&E)
  12. 12. Thank you! Questions welcome – discussion imperative!!!!!

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