An analysis by the Salvadoran Foundation for Economic and Social Development (Fusades), details that, in general terms, the labor market segment made up of young people shows strong and weak areas. The weaknesses are in fundamental aspects for the market, such as in their math skills (they answered only 37% of answers), and in the limited English proficiency (only 27% said they speak it). On the other hand, 9 out of every 10-young people handle technological devices with ease, which is key for the labor market integration in an increasingly technological market. Only working youth and NEET show disadvantages in all cognitive and technical skills compared to those maintained in the education system, the report concludes.

See chapter 5 for more details.

From the Fusades statement:

Youth is a critical moment in people's lives: a period of transition, in which far-reaching decisions must be made in many areas, especially in education and work. Knowing what is involved in the choice between studying and working, or the combination of both, makes it possible to support, through the formulation of public policies, those who seek to ensure a better future for the next generation of workers in Latin America and the Caribbean. This objective is a priority because of changes in the labor market, defined by the irruption of new technological advances that threaten to automate tasks and jobs.

The book “Millennials in Latin America and the Caribbean: to work or to study?" recently published by the Inter-American Development Bank (IDB), with the support of the International Development Research Centre - Canada (IDRC), and coordinated by Espacio Público de Chile, had the participation of research centers from nine Latin American countries: Brazil, Chile, Colombia, Haiti, Mexico, Paraguay, Uruguay, Peru and El Salvador. The study was based on information from more than 15,000 young people aged 15-24 in these countries.

Read full statement (In Spanish).

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