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Global Unemployment on Record Levels

ILO's Global Employment Trends

The number of jobless worldwide reached nearly 212 million in 2009 following an unprecedented increase of 34 million compared to 2007, on the eve of the global crisis, the International Labour Office (ILO) says in its recent annual “Global Employment Trends” report (see reference). Based on IMF economic forecasts, the ILO estimates that global unemployment is likely to remain high through 2010. A WDEV summary and a comment by C.P. Chandrasekhar

In the Developed Economies and European Union unemployment is projected to increase by an additional 3 million people in 2010, while it will stabilize at present levels, or decline only slightly, in other regions. The ILO also says the number of unemployed youth worldwide increased by 10.2 million in 2009 compared to 2007, the largest hike since 1991. At the same time, the ILO report shows wide variations in the employment impact of the crisis between regions and countries as well as in labour market recovery prospects ...

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Issue 6/Nov-Dec 2011
G20: Wrong forum for development + German aid under Niebel + London contra FTT + Food speculation: How it works
Issue 5/Sep-Oct 2011
The global social crisis +++ Thanks to Germany it's 2008 all over again +++ Nepal: Second chance for Maoists
Issue 4/Jul-Aug 2011
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Issue 2/Mar-Apr 2011
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