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Title: YMCA Proposes Solutions to Youth Unemployment Crisis

   Geneva, Switzerland, 18th Jul 2024– YMCA has published two reports to set out the challenge of – and a proposed response to – the global issue of employment, under-employment, and unemployment for young people. The context of these reports is a world in which 1 in 5 young people are not in employment, education, and training [ILOSTAT, 2024]. This is also a world in which the lack of investment in creating education and work opportunities for young people could cost the global economy USD 83 trillion by 2030 [ILO]. “This research highlights the power of youth-led initiatives,” say Surafele Ashenafi and Bereket Estifanos, Meaningful Work Youth Champions at YMCA Ethiopia. “When young people are given the opportunity to lead and to voice their opinions, the results are not just insightful: they also pave the way for better and more inclusive methods of promoting meaningful work. This way, we help to create a generation that is driven, involved, and dedicated to its work.”Surafele Ashenafi and Bereket Estifanos, Meaningful Work Youth Champions, YMCA EthiopiaThe challengeIn the first report - Crisis of Opportunity: Young people navigating the ‘New Work Order’ (44 pages) - young people state clearly that they are in distress, with limited access to work opportunities, real mental health challenges, and a lack of hope for their present and future. They tell us that our responses are failing them.The report presents the findings of a collaboration between YMCA, the oldest and one of the largest youth empowerment organizations in the world, leading professional services firm Deloitte Australia, and world-renowned cloud-based platform ServiceNow.At end-2023, the partners launched a global research survey led by young people, for young people,...

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