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| Five years after the onset of the financial crisis, global unemployment is on the rise again. Photograph: Joe Raedle/Getty Images |
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.
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.
The ILO’s “Global Employment Trends 2013” report
warns the high level of youth unemployment is of particular concern.
ILO Director-General Guy Ryder says future
prospects are not good, as the forecast global economic recovery is not
expected to be strong enough to bring down unemployment quickly.
“We see that unemployment is set to rise again. Our projection would be for 5.1 million more in 2013 and still a further 3 million in 2014. So the trends are very much in the wrong direction,” Ryder said.
“We see that unemployment is set to rise again. Our projection would be for 5.1 million more in 2013 and still a further 3 million in 2014. So the trends are very much in the wrong direction,” Ryder said.
Social instability
The labour agency also forecast the number of job
seekers will rise to more than 210 million from now till 2018.
It says the labor market is particularly bleak
for young people. Almost 74 million people aged between 15 and 24 are
unemployed around the world - an unemployment rate of 12.6%.
In Dec. 2010, Tunisian Mohamed Bouazizi, 26, set himself
on fire and died after police confiscated his fruit-stand.
His action is generally credited with having
started the Arab Spring - riots across the Middle East and North Africa.
ILO Chief Ryder warns “continued youth unemployment around the world could lead to further social instability.”
ILO Chief Ryder warns “continued youth unemployment around the world could lead to further social instability.”
“Promoting jobs for young people must be a
priority,” he says.
Dangerous mix
The
employment situation for young people is expected to improve slightly in
developed economies over the next five years, the report says.
On
the contrary, it says youth unemployment is expected to rise in emerging
economies in Eastern Europe, in East and Southeast Asia and in the Middle East.
The
ILO urges governments around the world to offer more skills trainings to ward
off the rising unemployment.
It
cited some European countries that have adopted schemes that guarantee
employment or training for groups of young people.
These
have proven to be successful and affordable, it says.
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.
Written by Modou S. Joof
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