Saturday, April 19, 2014


News

UN Predicts Millions More Jobless Despite Growth

People wait in line to enter a government job center in Malaga, Spain. (file photo)
People wait in line to enter a government job center in Malaga, Spain. (file photo)
TEXT SIZE - +
The UN labor agency is warning that the lingering effects of the global economic crisis means unemployment will continue to rise, even though world economies are expected to pick up.

The International Labor Organization (ILO) said in a report released on January 22 that the net number of unemployed people rose by 4 million in 2012 to some 197 million overall.

It is expected to rise by 5.1 million in 2013 and another 3 million in 2014.

The global unemployment rate during the crisis peaked at 6.21 percent in 2009 and was 5.93 percent in 2012.

It is expected to reach 6.01 percent in 2013 and 2014.

Based on reporting by AP and BBC

Most Popular