News / Economy

Global Economy Risks Jobless Recovery

FILE - A case worker offers advice to job seekers at a San Francisco employment center.
FILE - A case worker offers advice to job seekers at a San Francisco employment center.
Lisa Schlein
A new report finds global unemployment rates are continuing to rise, despite modest growth in the world economy.   The International Labor Organization’s just-issued 2014 Global Employment Trends report says young people are particularly disadvantaged, with youth unemployment double the overall global unemployment rate.  

By any measure, this is a dispiriting account of the global labor market.  The report says the weak global economic recovery is failing to improve the worldwide job situation.  The International Labor Organization says in 2013, nearly 202 million people were unemployed around the world.  This represents an increase of almost five million on the previous year.

World Unemployment, 2003 - 2018World Unemployment, 2003 - 2018
x
World Unemployment, 2003 - 2018
World Unemployment, 2003 - 2018
ILO Director-General Guy Ryder says worse is to come.  He says current trends indicate the number of unemployed will increase in coming years and is expected to reach 215 million by 2018.  

He says that even before the onset of the financial crisis in 2008, unemployment was very high. But, since then, he says, more than 60 million additional people have been negatively affected.

“That is to say that since the crisis, we see an additional 32 million unemployed added, to which we must have another 30 million of people who are discouraged, who have left the labor market.  So, we are 62 million jobs down.  And, at current rates of growth, we are simply not able to produce any improvement in these figures.  Indeed, they are going to get worse," said Ryder.

The report finds young people are particular victims of unemployment and more effort must be made to integrate them into the labor force.  It says some 74.5 million men and women under the age of 25 are without jobs.  It says global youth unemployment is more than 13 percent, compared to the overall worldwide rate of six percent.

Ryder says the quality of employment also is of concern.  He explains the world has made significant progress in reducing the numbers of working poor over a decade.  But he notes the rate of improvement stalled in 2013.

“We are seeing that the war on poverty has slowed down, or progress in the war on poverty, I should say, has slowed down in the wake of the crisis.  Around 375 million workers still get $1.25 a day or less to live on - 839 million are living with their families on less than $2," he said.

In regional terms, the report finds nearly half of all job seekers are located Southeast Asia, followed by sub-Saharan Africa and Europe.  By contrast, the report says Latin America was little affected by the global loss of jobs in 2013.

The ILO says in the developed economies and the European Union, labor market conditions showed no signs of improvement last year.  It says the Middle East and North Africa region has the highest unemployment rate in the world.  It says paid employment opportunities in sub-Saharan Africa are scarce.

The ILO argues the continuing jobs’ crisis requires a more focused, effective response nationally and internationally.  It says there is a clear linkage between the unacceptable levels of unemployment in the world and growing inequality.  It adds this must be addressed by putting employment firmly at the center of policy making.

You May Like

India PM Modi's party distances itself from religious conversions

BJP under fire for being slow to rein in hardline affiliate groups allegedly trying to promote a Hindu-dominant agenda by luring Muslims and Christians to convert to Hinduism More

Anti-Whaling Group Found in Contempt of Court

Radical environmentalists who threw acid and smoke bombs at Japanese whalers in the waters off Antarctica continue their campaign to disrupt Japan's annual whale hunt More

UN's Ban Urges End to Discrimination Against Ebola Workers

Ban was speaking in Guinea on the second day of a whistle-stop tour aimed at thanking healthcare workers of the countries at the heart of the epidemic More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Sudan School Becomes Target of Aerial Attacksi
X
December 19, 2014 12:45 AM
The school dropout rate is at an all-time high in Sudan's South Kordofan state because many schools have been destroyed during the three-year civil war between the government and SPLA-N rebel forces. Adam Bailes visited Sudan's Nuba Mountains' region and reports many children are simply too scared to go to school
Video

Video Sudan School Becomes Target of Aerial Attacks

The school dropout rate is at an all-time high in Sudan's South Kordofan state because many schools have been destroyed during the three-year civil war between the government and SPLA-N rebel forces. Adam Bailes visited Sudan's Nuba Mountains' region and reports many children are simply too scared to go to school
Video

Video VOA Reporter Tours Devastated Peshawar School

Islamist militants wearing military uniforms and strapped with explosives attacked a military run school Tuesday in the northwestern Pakistani city of Peshawar. At least 141 people were killed in the horrific attack, most of them young students. VOA reporter Ayaz Gul visited the devastated school and attended the funeral of the principal who courageously tried to save her students from the deadly attack.
Video

Video Nigerians Fleeing Boko Haram Languish in Camp Near Capital

In its five-year effort to impose Islamic law in northeastern Nigeria, the Boko Haram extremist group has killed thousands of people and forced hundreds of thousands to flee. Some of those who ran for their lives now live in squalor on the edges of the capital, Abuja. Chris Stein reports for VOA.
Video

Video Putin Says Russian Economy Will Emerge Stronger

Russian President Vladimir Putin has said his country's sinking economy will not only recover but also become stronger, despite falling oil prices and Western sanctions over Ukraine. VOA's Daniel Schearf reports.
Video

Video Detained Turkish Journalists Follow Teachings of US-Based Preacher

The Turkish government’s jailing of critical journalists has sparked international condemnation and is being seen as an effort to undermine the followers of an ailing Turkish preacher based in the United States. VOA religion reporter Jerome Socolovsky has more.
Video

Video ‘Anti-Islamization’ Marches Increase Tensions In Germany

Anti-immigrant rallies in Germany have been building in recent weeks, peaking Monday night in the city of Dresden where tens of thousands of people turned out to demonstrate against what they call the ‘Islamization’ of the West. Germany has offered asylum to more Syrian refugees than any other country, and this appears to have set off the protests. Henry Ridgwell reports from London.
Video

Video Aceh Rebuilt Decade After Tsunami, But Scars Remain

On December 26, 2004 there was an earthquake in the Indian Ocean so powerful it caused the Earth’s axis to wobble a few centimeters. Onshore on the island of Sumatra, the resulting tsunami was devastating. A decade later, VOA Correspondent Steve Herman reports from Banda Aceh, Indonesia, where although there is little remaining evidence of the physical devastation, the psychological scars among survivors remain.
Video

Video Refugees Living in Kenya Long for Peace in the Home Countries

Kenya is host to numerous refugees seeking safe haven from conflict. Immigrants from Somalia face challenges in their new lives in Kenya. Ahead of International Migrants Day (December 18) Lenny Ruvaga has more for VOA News from the Kenyan capital.

All About America

AppleAndroid

World Currencies

EUR
USD
0.8143
JPY
USD
119.23
GBP
USD
0.6390
CAD
USD
1.1596
INR
USD
63.304

Rates may not be current.