Microsoft Corporation (NASDAQ:MSFT) aims to crush youth unemployment across the globe as the company is expanding its YouthSpark program for technology education.
According to Microsoft Corporation (NASDAQ:MSFT), it is expanding its YouthSpark initiative in three ways: launching an updated Microsoft Digital Literacy curriculum, increasing access to Microsoft IT Academy and expanding access to computer science education around the world through its Technology Education and Literacy in Schools program in the U.S. and through nonprofit partners around the world.
“It’s no secret that technology knowledge and skills – whether basic, intermediate or advanced – are required for the vast majority of jobs today. To turn the tide of the continually rising youth unemployment rate, we must expand access to these skills for all youth,” the company’s Lori Forte Harnick, general manager of citizenship and public affairs, said in her post on the Microsoft blog.
Microsoft Corporation (NASDAQ:MSFT)’s expansion of its YouthSpark program comes as the company cites growing unemployment numbers for the world’s youth.
According to the technology giant, the 2014 Global Employment Trends report titled “Risks of a Jobless Recovery” made by the International Labour Organization reveals that the global youth unemployment rate increased to 13.1 percent in 2013. This meant that last year, there were 74.5 million unemployed young people around the world aged 15 to 24.
Microsoft Corporation (NASDAQ:MSFT) launched its YouthSpark program in 2012. The company claims to have already created education, employment and entrepreneurship opportunities for 300 million young people around the world from when the program was launched.
Meanwhile, the company said that to celebrate and support what it calls the “growing global pipeline of innovators,” the company is launching the Imagine Cup 2015. The Imagine Cup is a worldwide technology innovation contest sponsored by the technology giant where students 16 and up compete.
Microsoft Corporation (NASDAQ:MSFT) shareholders includes Jeffrey Ubben’s Valueact Capital which reported about 74.24 million shares in the Windows-maker by the end of the second quarter.