Skills gap: a big obstacle for young people entering the labour market

A persistent high youth unemployment rate around the world is threatening economic growth and putting at risk the well-being of young people aged 15 – 24. The global youth unemployment rate is expected to reach 14.4% in 2023, around 3.4 times the rate for older adults. Amongst the factors triggering youth unemployment, the skills mismatch is a crucial element. We believe it is in the…