World's youth facing grim job prospects, UN report finds #OccupyWallStreet

A new report by the United Nations labour agency warns of a youth jobs crisis in both developed and developing countries, with young people aged 15 to 24 finding it increasingly difficult to obtain decent employment and future prospects are dim.

As it released its "Global Employment Trends for Youth: 2011 Update," the International Labour Organization (ILO) notes that the recent global economic crisis led to a "substantial" increase in youth unemployment rates, reversing earlier favourable trends over the past decade.