The Covid-19 pandemic has accelerated a gulf between generations with people aged under 25 far more likely to be unemployed, a new global report has revealed.
The Organisation for Economic Co-operation and Development said unemployment rates have surged by 4.9 per cent since February - from 11.7 per cent to 16.6 per cent - for those aged 15 to 24, more than double the rise for those aged 25 and over.
The stark statistics are based on a survey of 34 OECD member countries, including the United States, Canada, Australia, the United Kingdom and Spain, eight further non-member nations, the European Commission and 81 youth organisations.
The report states that while younger people are less likely to suffer ill health as a result of the virus, they are bearing a heavy cost brought about by worldwide lockdowns, the shutdown of education institutes and the ongoing impact on the economy.
Young people are likely to have less job security, less disposable income and find it harder to get on the housing ladder, the study by the intergovernmental economic organisation stated.
"Youth across OECD countries enjoy unprecedented access to information, education and technology," found the report titled Governance for Youth, Trust and Intergenerational Justice.
"However, the repercussions of the global financial crisis in the late 2000s, the Covid-19 pandemic and global transformations such as climate change, ageing, digitisation, and rising inequalities have created uncertainties about the future young people and unborn generations face."
During the pandemic, students lost part-time jobs and had fewer financial reserves to fall back on.
The study found that countrywide lockdowns and social distancing measures in place in many OECD countries had disrupted everyday life.
“The pandemic hit OECD countries at a moment when many young people had barely recovered from the repercussions of the 2007-08 global financial crisis," stated the report.
“When youth are not active in social life and the labour market, the costs for societies and economies are high.
"Their absence undermines social cohesion, productivity, and the potential for inclusive growth."
Across OECD countries, the 2007-08 crisis left 15 million young people unemployed, while one in ten jobs held by people under the age of 30 was lost, found the report.
In 2017, on average across OECD countries, one in 10 young people aged 15-24 was not in education, employment or training.
This lead to an economic cost of between 0.9 per cent and 1.5 per cent of OECD GDP.
The study recommended that governments remove barriers to youth participation in politics, create programmes to help young people join the public sector, and provide programmes for inter-generational learning.
Suggestions included strengthening volunteering and youth work opportunities, investing in youth strategies, and making targeted policies to help young people.
Governments also need to show a strong commitment to reduce inequalities within different age groups and promote age diversity in decision-making.
The Arab Youth Survey 2021, reported earlier in October, that one in five young Arabs said they or someone in their family had lost their job due to coronavirus.
The survey reported that 72 per cent said it was “much more difficult” or a “little more difficult” to find a job now compared with the pre-Covid era.
In the UAE, 41 per cent said finding a new job is more difficult now than before the pandemic.
The report also found that more than four in 10 people aged 18 to 24 had thought about or were attempting to emigrate.
The youth survey involved face-to-face interviews with 4,000 people in 17 countries.
The survey found that 35 per cent of respondents had personal debt, up from 15 per cent five years ago.
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About Krews
Founder: Ahmed Al Qubaisi
Based: Abu Dhabi
Founded: January 2019
Number of employees: 10
Sector: Technology/Social media
Funding to date: Estimated $300,000 from Hub71 in-kind support
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Dates for the diary
To mark Bodytree’s 10th anniversary, the coming season will be filled with celebratory activities:
- September 21 Anyone interested in becoming a certified yoga instructor can sign up for a 250-hour course in Yoga Teacher Training with Jacquelene Sadek. It begins on September 21 and will take place over the course of six weekends.
- October 18 to 21 International yoga instructor, Yogi Nora, will be visiting Bodytree and offering classes.
- October 26 to November 4 International pilates instructor Courtney Miller will be on hand at the studio, offering classes.
- November 9 Bodytree is hosting a party to celebrate turning 10, and everyone is invited. Expect a day full of free classes on the grounds of the studio.
- December 11 Yogeswari, an advanced certified Jivamukti teacher, will be visiting the studio.
- February 2, 2018 Bodytree will host its 4th annual yoga market.
The specs
Engine: 4-litre twin-turbo V8
Transmission: nine-speed
Power: 542bhp
Torque: 700Nm
Price: Dh848,000
On sale: now
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
Know your Camel lingo
The bairaq is a competition for the best herd of 50 camels, named for the banner its winner takes home
Namoos - a word of congratulations reserved for falconry competitions, camel races and camel pageants. It best translates as 'the pride of victory' - and for competitors, it is priceless
Asayel camels - sleek, short-haired hound-like racers
Majahim - chocolate-brown camels that can grow to weigh two tonnes. They were only valued for milk until camel pageantry took off in the 1990s
Millions Street - the thoroughfare where camels are led and where white 4x4s throng throughout the festival
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
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