The UN estimates that the number of unemployed youth globally reached 74.5 million in 2013, the majority of whom live in developing countries. According to the International Labour organization, young people are almost three times more likely to be unemployed than adults. One in five youths, or 125 million, are working but live in extreme poverty (on less than US$1/day). The issue of youth unemployment is a major concern for both industrialized and developing countries.
Skills development is a primary means of enabling young people to make a smooth transition to work. In December 2014, the United Nations General Assembly adopted a resolution declaring 15th July as World Youth Skills Day. The goal is to achieve better socio-economic conditions for today’s youth as a means of addressing the challenges of unemployment and under employment.