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If You're Young, The Job Outlook Is Grim No Matter Where You Live
The world needs at least 600 million new jobs in the next decade for young people
Job seekers fill out applications at an employment fair in Rio de Janeiro, Brazil, on May 18.
Photographer: Dado Galdieri/BloombergThis article is for subscribers only.
The World Bank has an unsettling message for young people around the globe: Whether you're male or female, live in Tunisia or the U.S., you will struggle to find a job.
Across regions and continents, people 15 to 29 years old are at least twice as likely as adults to be unemployed. The world will have to create 600 million jobs over the next 10 years, or 5 million a month, just to prevent the situation from getting worse, the Washington-based lender said in a report it released Tuesday with coalition partners such as the International Labor Organization.