Friday, 10 May 2013 – Thursday, 16 May 2013
WWW.AFRICANVOICEONLINE.CO.UK
ISSUE 481
SINCE 2001
B R I TA I N ’ S N O . 1 A F R I C A N N E W S PA P E R Cash flow a “huge challenge” for small businesses
Nigeria seeks closer economic cooperation with Sweden
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Man convicted of murder and attempted murder SEE PAGE 14
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Young jobless face deepening crisis By Alan Oakley A new report by the International Labour Organisation (ILO) warns that a predicted rise in youth unemployment over the next five years is likely to deprive society of a generation of skilled workers and lead to social unrest on an epic scale.
Although there are regional vagaries, the global youth unemployment rate continues to rise and is expected to reach 12.8 per cent by 2018. According to the ILO’s Global Employment Trends for Youth 2013 report, an estimated 73.4 million young people – 12.6 per cent – are expected to be out of work in 2013, close to the levels reached at the peak of the economic crisis in 2009. This is an increase of 3.5 million between 2007 and 2013. “These figures underline the need to focus policies on growth, massive improvements in education and training systems, and targeted youth employment actions,” says José Manuel Salazar-Xirinachs, ILO’s Assistant Director-General for Policy. “Employers, education providers and youth often live in parallel universes, they do not sufficiently engage with each other.
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José Manuel Salazar-Xirinachs, ILO’s Assistant Director-General for Policy