Glossary:Youth unemployment
Youth unemployment refers to people aged 15 to 24 years or 15 to 29 years who are unemployed.
The youth unemployment rate is the percentage of the unemployed in the age group 15 to 24 years or 15 to 29 years, compared to the total labour force (the sum of employed and unemployed) of the same age. However, it should be noted that a large share of people of these ages are outside the labour market, such as youths who are studying full-time and are not available for work. This explains why youth unemployment rates are generally higher than the overall unemployment rates of people aged 15-74 years. To address this, an alternative indicator is calculated for analytical purposes: youth unemployment ratio. This ratio represents the proportion of unemployed young people within the total population of the same age, including people outside the labour force.