UN says youth unemployment likely to rise globally May 8, 2013 - 16:05 AMT PanARMENIAN.Net - The UN's labor office says youth unemployment is likely to rise globally to 12.8 percent by 2018, wiping out gains made in the recent economic recovery. According to The Associated Press, a report by the International Labor Organization said the rate of unemployment among people aged 15 to 24 was 12.4 percent globally in 2012, up from 12.3 percent in 2011. It said that rate is expected to climb to 12.6 in 2013 — with an estimated 73.4 million young people out of work — as more of them leave the work force or give up looking for work. The highest regional rates in 2012 were 28.3 percent in the Middle East and 23.7 percent in North Africa. The lowest rates were South Asia, with 9.3 percent, and East Asia at 9.5 percent.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Ucom General Director joins High-Tech Development Panel Discussion  The discussion was titled "The Role of International Corporations and Investors as Catalysts for Development of High-Tech Ecosystem."Dozens detained as antigovernment protest continue in Armenia At least 63 people demanding Prime Minister Nikol Pashinyan’s resignation were detained on May 14 as they blocked streets in Yerevan.Family of Ilham Aliyev’s security chief owns vast property in UK As head of security for Azerbaijan’s president, Eyyubov is closely trusted by one of the world’s most authoritarian leaders.Armenian army holding strategic command, staff drills Live firing will be carried out using automatic control systems and modern equipment. |
