The crisis
of youth employment is generally viewed as an importnat policy issue
for many economies, regardless of their stage of development. For
the purpose of this indicator, the term "youth" covers
persons aged 15 to 24 years, and thus the "adult" refers
to those aged 25 and over. The indicator consists of four distinct
measurements, each representing a different aspect of the youth
unemployment problem. The four measurements are:
(a) Youth
unemployment rate (Youth unemployment as a percentage of the
youth labour force);
(b) Ratio
of the Youth Unemployment rate to the adult unemployment rate;
(c) Youth
unemployment as a proportion of total unemployment; and
(d) Youth
unemployment as a proportion of the youth population.
The crisis
in youth employment can clearly be seen from the alarming trend
which reveals that youth unemployment rates tend to exceed adult
unemployment rates. In the majority of economies, youth unemployment
rates are atleast double those of adults.