According to the report entitled ‘Global Employment Trends 2012: Preventing a deeper jobs crisis,’ the world faces the additional challenge of creating decent jobs for the estimated 900 million workers who subsist on less than $2 a day, most of them in developing countries.
“After three years of continuous crisis conditions in global labour markets and against the prospect of a further deterioration of economic activity, there is a backlog of global unemployment of 200 million,” according to the report. More than 400 million new jobs will be needed over the next 10 years to absorb a labour force expansion of an estimated 40 million people.
“Despite strenuous government efforts, the jobs crisis continues unabated, with one in three workers worldwide – or an estimated 1.1 billion people – either unemployed or living in poverty,” said Juan Somavia, the ILO Director-General. “What is needed is that job creation in the real economy must become our number one priority,” he said.
The economic recovery that started in 2009 was short-lived, according to the report, which notes that there are still 27 million more unemployed workers than at the start of the crisis.
keyboard shortcuts: V vote up article J next comment K previous comment