Youth Unemployment

Youth Unemployment
================

Definitions of Terms
-------------------

According to the International Labour Organization (ILO) and the United Nations, young people are defined as individuals between 15 and 24 years old. This age range accounts for more than 18% of the world's population.

In the European Union, since 2010, young people who do not have a job, education, or training are referred to as "NEETs" (Not in Education, Employment, or Training). NEETs are all young people within the meaning of the ILO who are unemployed or inactive.

Youth Unemployment Rate
----------------------

The youth unemployment rate is calculated based on the total number of young people minus those who are in education or training and not available on the labor market for other reasons. An individual must be without occupation, willing to work, able to do so, within the age range allowed by their country's laws, and actively seeking a job to be considered unemployed.

Background
----------

The world has approximately 1.2 billion young people between the ages of 15 and 24, accounting for 17% of the population. Of these, 87% live in developing countries. The age range defined by the United Nations covers the period from the end of compulsory schooling to the age of 24.

Characteristics
--------------

Youth unemployment rates tend to be higher than adult rates in all countries worldwide. This is due to various factors, including limited job opportunities, lack of education and training, and social and economic challenges faced by young people.

Statistics
----------

* The world's population between the ages of 15 and 24 accounts for more than 18% of the global population.
* Approximately 1.2 billion young people live in this age range.
* 87% of these individuals reside in developing countries.
* Youth unemployment rates are generally higher than adult rates worldwide.

Note: The statistics mentioned above are based on the provided source snippets and may not reflect the most up-to-date or comprehensive data available.