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

    Saudi Arabia’s New Female Politicians in the Other Room 

    Many in Saudi Arabia say elected representatives should share unsegregated spaces; according to a recent survey, more than half the Saudi population, both men and women, prefer to work in a segregated place

    Russia Not ‘Apologetic’ for Syria Airstrikes

    With Moscow criticized for targeting armed opponents of President Assad, Russia’s UN envoy says his country ‘acting in a very transparent manner’

    Pakistan Warns of Islamic State's Growing Reach

    Aftab Sultan, General Director General of Intelligence Bureau (IB), briefed Senate Committee in closed hearing, saying that IS-linked groups have been expanding in Pakistan

    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.
    Russia's Car Sales Shrink Overall, But Luxury and Economy Models See Growthi
    X
    February 10, 2016 5:54 AM
    Car sales in Russia dropped by more than a third in 2015 because of the country's economic woes. But, at the extreme ends of the car market, luxury vehicles and some economy brands are actually experiencing growth. VOA's Daniel Schearf reports from Moscow.
    Video

    Video Russia's Car Sales Shrink Overall, But Luxury and Economy Models See Growth

    Car sales in Russia dropped by more than a third in 2015 because of the country's economic woes. But, at the extreme ends of the car market, luxury vehicles and some economy brands are actually experiencing growth. VOA's Daniel Schearf reports from Moscow.
    Video

    Video Civil Rights Pioneer Remembers Struggle for Voting Rights

    February is Black History Month in the United States. The annual, month-long national observance pays tribute to important people and events that shaped the history of African Americans. VOA's Chris Simkins reports how one man fought against discrimination to help millions of blacks obtain the right to vote
    Video

    Video Jordanian Theater Group Stages Anti-Terrorism Message

    The lure of the self-styled “Islamic State” has many parents worried about their children who may be susceptible to the organization’s online propaganda. Dozens of Muslim communities in the Middle East are fighting back -- giving young adults alternatives to violence. One group in Jordan is using dramatic expression a send a family message. Mideast Broadcasting Network correspondent Haider Al Abdali shared this report with VOA. It’s narrated by Bronwyn Benito
    Video

    Video Migrant Crisis Fuels Debate Over Britain’s Future in EU

    The migrant crisis in Europe is fueling the debate in Britain ahead of a referendum on staying in the European Union that may be held this year. Prime Minister David Cameron warns that leaving the EU could lead to thousands more migrants arriving in the country. Meanwhile, tension is rising in Calais, France, where thousands of migrants are living in squalid camps. VOA's Henry Ridgwell reports.
    Video

    Video Valentine's Day Stinks for Lebanese Clowns

    This weekend, on Valentine's Day in Lebanon, love is not the only thing in the air. More than half a year after the country's trash crisis began, the stink of uncollected garbage remains on the streets. Step forward "Clown Me In," a group of clowns who use their skills for activism. Before the most romantic day of the year the clowns have released their unusual take on love in Lebanon -- in a bid to keep the pressure up and get the trash off the streets. John Owens reports from Beirut.
    Video

    Video Families Flee Aleppo for Kurdish Regions in Syria

    Not all who flee the fighting in Aleppo are trying to cross the border into Turkey. A VOA reporter caught up with several families heading for Kurdish-held areas of northern Syria.
    Video

    Video Rocky Year Ahead for Nigeria Amid Oil Price Crash

    The global fall in the price of oil has rattled the economies of many petroleum exporters, and Africa’s oil king Nigeria is no exception. As Chris Stein reports from Lagos, analysts are predicting a rough year ahead for the continent’s top producer of crude.
    Video

    Video 'No Means No' Program Targets Sexual Violence in Kenya

    The organizers of an initiative to reduce and stop rape in the informal settlements around Kenya's capital say their program is having marked success. Girls are taking self-defense classes while the boys are learning how to protect the girls and respect them. Lenny Ruvaga reports from Nairobi.
    Video

    Video Chocolate Lovers Get a Sweet History Lesson

    Observed in many countries around the world, Valentine’s Day is sometimes celebrated with chocolate festivals. But at a festival near Washington, the visitors experience a bit more than a sugar rush. They go on a sweet journey through history. VOA’s June Soh takes us to the festival.
    Video

    Video 'Smart' Bandages Could Heal Wounds More Quickly

    Simple bandages are usually seen as the first line of attack in healing small to moderate wounds and burns. But scientists say new synthetic materials with embedded microsensors could turn bandages into a much more valuable tool for emergency physicians. VOA’s George Putic reports.
    Video

    Video Researchers Use 3-D Printer to Produce Transplantable Body Parts

    Human organ transplants have become fairly common around the world in the past few decades. Researchers at various universities are coordinating their efforts to find solutions -- including teams at the University of Pennsylvania and Rice University in Houston that are experimenting with a 3-D printer -- to make blood vessels and other structures for implant. As VOA’s Greg Flakus reports from Houston, they are also using these artificial body parts to seek ways of defeating cancerous tumors.
    Video

    Video Helping the Blind 'See' Great Art

    There are 285 million blind and visually impaired people in the world who are unable to enjoy visual art at a museum. One New York photographer is trying to fix this situation by making tangible copies of the world’s masterpieces. VOA correspondent Victoria Kupchinetsky was there as visually impaired people got a feel for great art. Joy Wagner narrates her report.
    Video

    Video German Artists to Memorialize Refugees With Life Jacket Exhibit

    Sold in every kind of shop in some Turkish port towns, life jackets have become a symbol of the refugee crisis that brought a million people to Europe in 2015.  On the shores of Lesbos, Greece, German artists collect discarded life jackets as they prepare an art installation they plan to display in Germany.  For VOA, Hamada Elrasam has this report from Lesbos, Greece.
    Video

    Video E-readers Help Ease Africa's Book Shortage

    Millions of people in Africa can't read, and there's a chronic shortage of books. A non-profit organization called Worldreader is trying to help change all that one e-reader at a time. VOA’s Deborah Block tells us about a girls' school in Nairobi, Kenya where Worldreader is making a difference.

    World Currencies

    EUR
    USD
    0.8883
    JPY
    USD
    114.96
    GBP
    USD
    0.6869
    CAD
    USD
    1.3858
    INR
    USD
    67.855

    Rates may not be current.