Tuesday, January 22, 2013

ILO projects another rise in world jobless in 2013

Five years after the onset of the financial crisis, global unemployment is on the rise again. Photograph: Joe Raedle/Getty Images
The Global Employment Trends 2013, a report by the International Labor Organization (ILO) has revealed that a total of 197 million people were without jobs in 2012, with youth being particularly hardest hit.
The report, released Jan. 21 projected the current unemployment figures will rise again this year.

The ILO, a United Nations labour agency, also said majority of the 4 million newly unemployed in 2012 came from developing economies in East and South Asia, and Sub-Saharan Africa. 

It means that 6 percent (%) of the world's workforce were without a job in 2012.

73.8 million young people were unemployed globally in 2012, and the ILO which is responsible for overseeing international labor standards, made bleak projections of another increase in unemployment worldwide by 5.1 million in 2013.

This will push the total of jobless worldwide to 202 million. 

Social instability

In Dec. 2010,

The world is facing a worsening youth employment crisis: young people are three times more likely to be unemployed than adults and over 75 million youth worldwide are looking for work.

The ILO has also warned of a “scarred” generation of young workers facing a dangerous mix of high unemployment, increased inactivity and precarious work in developed countries, as well as persistently high working poverty in the developing world. 

Written by Modou S. Joof

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