“For India, the report estimates the loss of tasks for 4.1 million young people.Construction and agriculture have experienced loss of primary tasks in seven key sectors,” said the BIT-BAD report, ‘Addressing the COVID-19 Youth Employment Crisis in Asia and Pacific’, published Tuesday.
Employment clients for other young people in Asia and the Pacific are being seriously undermined by the pandemic, he added.
Other young people (ages 15 to 24) will be more affected than adults (aged 25 and older) in the immediate crisis and are likely to support higher long-term economic and social prices, according to the report.
The report is based on a regional assessment of the “Global Youth Survey and COVID-19” and has been based on estimates based on knowledge of unemployment in other countries.
He said that in India, two-thirds of business-point apprenticeships and three-quarters of internships had been absolutely interrupted by the pandemic.
The report calls on governments in the region to take urgent, large-scale and specific action to create jobs for other young people, keep education and schooling on the right track, and minimize the long-term scarring of more than 660 million other young people in the region.
Even before the COVID-19 crisis, other young people in Asia and the Pacific faced demanding situations in the labor market, resulting in high unemployment rates and a higher proportion of young people excluded from school and work.
In 2019, the regional youth unemployment rate is 13.8%, compared to 3% of adults; and more than 160 million young people (24% of the population) had no jobs, education or training.
Four out of five young employees in the region have casual employment, a higher proportion than adults, and one in four young people in excessive or moderate poverty.
“The demanding pre-crisis situations for other young people have now been amplified since COVID-19 hit. Without enough attention, we are concerned that this could create a ‘lockdown generation’ that may feel the brunt of this crisis during many years for Venid, “said Sara Elder, director of the report and director of the ILO’s regional economic and social research unit.
The report cites 3 tactics in which other young people are affected through the existing crisis.There are interruptions in tasks in the form of reducing hours of painting and income, and loss of tasks for salaried and self-employed painters; Interruptions in their schooling and schooling and difficulties moving from school to painting and moving from one task to another in times of recession.
The unemployment rate of young people in the region rose dramatically in the first quarter of 2020 through the last quarter of 2019, he said.
Compared to the first quarter of 2019, the youth unemployment rate increased in six of the nine known economies: Australia, Indonesia, Japan, Malaysia and Vietnam, as well as Hong Kong, China, which recorded the largest increase of 3 percentage points.In all these economies, youth rates have accumulated more than adult rates, according to the report.
According to the report’s projections, between 1 crore and 1.5 crore of jobs for other young people (full-time equivalent) may be lost in thirteen Countries in Asia and the Pacific by 2020, according to the report’s projections.
According to the report, one of the reasons why other young people in the region face further disruption of the labour market and loss of tasks than adults is that almost part of them (more than 10 million rupees) were contracted in the 4 sectors most affected through the crisis.The sectors are wholesale and retail and repair; Manufacturing; rental and advertising services; accommodation and catering services.
Young women are overrepresented in 3 of the top 4 sectors affected, in accommodation and food services, she said.
The COVID-19 crisis, aggravated by the forced suspension of education and training, will lead to the transition of other young people to and within the labour market and may have healing effects, as we have noticed in past crises, according to the report.
It recommends urgent, large-scale and specific responses, adding wage subsidies for youth and public employment programs, as well as measures to mitigate the effect on academics of interrupting their schooling and training.
Governments deserve to balance the inclusion of other young people in the broader labour market with economic stimulus measures, with interventions aimed at other young people to maximize the effective allocation of resources.
“Prioritizing youth employment in the COVID-19 revival procedure will enable Asia-Pacific customers in the long term to achieve inclusive and sustainable growth, demographic transition and social stability,” said Chris Morris, Director of the Centre for Civil Society and AFDB and AfDB Youth Leader for the Asia Initiative.
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