World unemployment figures set to rise in 2013, claims UN labour agency

From Global development | The Guardian Tue Jan 22 2013, 11:08:00

A record 202 million people could be unemployed across the world in 2013, the International Labour Organization (ILO) said

A record 202 million people could be unemployed across the world in 2013, the International Labour Organization (ILO) said on Tuesday.

Five years on from the onset of the financial crisis, unemployment is on the rise again as economies around the world lose jobs and the fragile recovery is threatened by "incoherent monetary policy" in the US and Europe, said the ILO.

According to United Nation's agency's latest report, Global Employment Trends 2013, 6% of the world's workforce were without a job in 2012. The number of jobless people around the world rose by 4m in 2012 to 197m. Young people were the worst affected: nearly 13% of those under 24 were unemployed. Some 35% of all young unemployed people have been out of work for six months or longer in advanced economies, up from 28.5% in 2007.

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