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Global unemployment crisis will continue until 2015 and risk further social unrest ominous UN report warns
By Mail Foreign Service
Last updated at 5:18 PM on 1st October 2010
Global employment will not recover to pre-crisis levels until 2015 if current policies are pursued,
the International Labour Organisation said today.The UN work agency said it was putting
back by two years its previous assessment of the time needed to create the 22million jobs
still needed to regain levels before the financial crisis.
In an ominous report, the ILO said the continued unemployment could fuel
social tensions across the world despite encouraging signs that the
global economy has started to grow again.
Mass protest: Demonstrators line the Puerta del Sol in Madrid as unions in Spain called for a general strike over austerity measures
'Despite these significant gains... new clouds have emerged on the employment
horizon and the prospects have worsened significantly in many countries,' the report said.
Raymond Torres, lead author, said job losses since the crisis started amounted
to between 30 and 35million.
The ILO has forceast global unemployment this year of 213million, a rate of 6.5 per cent.
For the U.S. - where persistent unemployment has become one of the main issues
in this November's mid-term elections - the number of jobs still needed to
regain pre-crisis levels is 6.9million, according to economist Steven Tobin.
Coup: A presidential guard is seized by protesting police officers in Quito, Ecuador, over cuts to their benefits
Industrial action: Dockers in Marsille block the way to the harbour during a strike today against practice reforms
In 35 countries for which data exists, nearly 40 per cent of jobseekers have been
without work for more than one year, running the risk of demoralisation and mental health problems.
Young people have also been disproportionately hit.
The report said that social unrest related to the crisis - including riots in Greece,
strikes in Spain and the attempted coup in Ecuador last night -
had been reported in at least 25 countries.
In more than 75 per cent of the 82 countries with available information,
the perception of the quality of life had declined between 2006 and 2009.
Mr Torres warned governments against withdrawing fiscal stimulus measures while recovery remained weak.
By Mail Foreign Service
Last updated at 5:18 PM on 1st October 2010
Global employment will not recover to pre-crisis levels until 2015 if current policies are pursued,
the International Labour Organisation said today.The UN work agency said it was putting
back by two years its previous assessment of the time needed to create the 22million jobs
still needed to regain levels before the financial crisis.
In an ominous report, the ILO said the continued unemployment could fuel
social tensions across the world despite encouraging signs that the
global economy has started to grow again.
Mass protest: Demonstrators line the Puerta del Sol in Madrid as unions in Spain called for a general strike over austerity measures
'Despite these significant gains... new clouds have emerged on the employment
horizon and the prospects have worsened significantly in many countries,' the report said.
Raymond Torres, lead author, said job losses since the crisis started amounted
to between 30 and 35million.
The ILO has forceast global unemployment this year of 213million, a rate of 6.5 per cent.
For the U.S. - where persistent unemployment has become one of the main issues
in this November's mid-term elections - the number of jobs still needed to
regain pre-crisis levels is 6.9million, according to economist Steven Tobin.
Coup: A presidential guard is seized by protesting police officers in Quito, Ecuador, over cuts to their benefits
Industrial action: Dockers in Marsille block the way to the harbour during a strike today against practice reforms
In 35 countries for which data exists, nearly 40 per cent of jobseekers have been
without work for more than one year, running the risk of demoralisation and mental health problems.
Young people have also been disproportionately hit.
The report said that social unrest related to the crisis - including riots in Greece,
strikes in Spain and the attempted coup in Ecuador last night -
had been reported in at least 25 countries.
In more than 75 per cent of the 82 countries with available information,
the perception of the quality of life had declined between 2006 and 2009.
Mr Torres warned governments against withdrawing fiscal stimulus measures while recovery remained weak.
