UNITED NATIONS — Young people are increasingly unable to get a foothold in the global labor market, and the rapidly growing older workforce is enjoying less job security, according to an analysis of employment trends.
The U.N. analysis is being debated at a meeting of the Commission for Social Development that began Thursday and is focusing on "promoting decent work and employment for all."
According to the analysis, which was released Wednesday, unemployment has increased significantly since 1995 — despite robust economic growth averaging 3.8 percent annually in the last decade and a 16.5 percent increase in the number of people with jobs to 2.9 billion.
The number of unemployed reached a historic high of 195.2 million in 2006 and the global jobless rate rose to 6.3 percent from about 6 percent in 1995.
According to the analysis, stiff competition under increased globalization has led to reduced job security, a reduction in job-related benefits and a diminished role for organized labor.
According to the analysis, almost half of the world's unemployed are ages 15 to 24, although they make up only 25 percent of the working-age population.
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