Why is World Youth Skills Day important?
Rising youth unemployment is one of the most significant problems facing economies and societies in today’s world, for developed and developing countries alike. The latest Global Employment Trends for Youth 2020: Technology and the future of jobs shows that since 2017, there has been an upward trend in the number of youth not in employment, education or training (NEET).
In 2016 there were 259 million young people classified as NEET – a number that rose to an estimated 267 million in 2019, and is projected to continue climbing to around 273 million in 2021. In terms of percentage, the trend was also slightly up from 21.7% in 2015 to 22.4% in 2020 – implying that the international target to reduce the NEET rate by 2020 will be missed.
Designated by the General assembly in 2014, the World Youth Skills Day is an opportunity for young people, technical and vocational education and training (TVET) institutions, and public and private sector stakeholders to acknowledge and celebrate the importance of equipping young people with skills for employment, decent work and entrepreneurship.