Baku. Victoria Dementeva – APA. Azerbaijan benefited from a decline in the youth unemployment rate, said the report 'Global Employment Trends 2013' made by the International Labour Organization (ILO), APA reports.
According to the report, youth unemployment rate in Azerbaijan was 18.4 percent in 2010 and reduced by 11 percent now.
In particular, young people and women in CIS countries and Georgia continue to face high barriers to employment. By 2017, the youth unemployment rate in Central and South-Eastern Europe (non-EU) and CIS is projected to reach 17.3 for young men and 17.7 per cent for young women. In countries with large youth population shares the situation is particularly dire: Despite the economic recovery, average youth unemployment in 2010 in Armenia stayed at 39.1 percent.
The report says informal employment remains an ongoing challenge for the region but other indicators point to some improvement. The high and rising incidence of informal employment remains one of the major labour market challenges in most countries of the region. Informality increased particularly sharply in Caucasian and Central Asian countries. Informal employment rate in Azerbaijan increased by 44 percent (30 percent in 2000), in Georgia by 37 (30 percent in 2000). This figure is 49 percent in Armenia.