Nearly half of young people have lost income due to the crisis, a UN study finds. (via CNBCMakeIt)
Drew Gardiner, youth employment specialist for the UN's International Labour Organization, told CNBC's "Squawk Box Europe" on Wednesday that young people were in a "disadvantaged position" in the labor market even before the pandemic hit.
The ILO's latest "Youth & Covid-19" survey, published Tuesday, collected responses from over 11,000 people, aged 18-29, from 112 countries between April and May 2020. It surmised that the impact of the coronavirus crisis on young people was "systematic, deep and disproportionate."Nearly three in four young people had seen their studies or training interrupted by the pandemic, the study found, due to the closure of schools, universities or training centers.
Students in low-income countries were found to most profoundly feel these difficulties in learning remotely due to "digital divides," with less access to the internet, a lack of equipment and sometimes a lack of space at home.
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