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

Sydney Hostage-taker Failed to Manipulate Social Media

Gunman forced captives to use personal Facebook, YouTube accounts to issue his demands; online community helped flag messages, urged others not to share them More

UN Seeks $8.4 Billion to Help War-Hit Syrians

Effort aimed at helping Syrians displaced within their own country and those who've fled to neighboring ones More

Who Are the Pakistani Taliban?

It's an umbrella group of militant organizations whose objective is enforcement of Sharia in Pakistan 'whether through peace or war' 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.
Will Pakistan School Shooting Galvanize Pakistan Against Extremism?i
X
Ayesha Tanzeem
December 17, 2014 11:54 AM
The attack on a military school in Pakistan’s northwest city of Peshawar left 141 dead, including 132 children. Strong statements of condemnation poured in from across the world. The country announced three days of mourning, and the leadership, both political and military, promised retribution. VOA's Ayesha Tanzeem looks at how likely the Pakistani government is to clamp down on all extremist groups.
Video

Video Will Pakistan School Shooting Galvanize Pakistan Against Extremism?

The attack on a military school in Pakistan’s northwest city of Peshawar left 141 dead, including 132 children. Strong statements of condemnation poured in from across the world. The country announced three days of mourning, and the leadership, both political and military, promised retribution. VOA's Ayesha Tanzeem looks at how likely the Pakistani government is to clamp down on all extremist groups.
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.
Video

Video Turkey's Authoritarianism Dismays Western Allies

The Turkish government has been defiant in the face of criticism at home and abroad for its raids targeting opposition media. The European Union on Monday expressed dismay after President Recep Tayyip Erdogan lashed out at Brussels for criticizing his government's action. Turkey's bid to be considered for EU membership has been on hold while critics accuse the NATO ally of increasingly authoritarian rule. Zlatica Hoke reports.
Video

Video US-China Year in Review: Hong Kong to Climate Change

The United States is pushing for a code of conduct to resolve territorial disputes in the South China Sea as it works to improve commercial ties with Beijing. VOA State Department correspondent Scott Stearns reports on a year of U.S. policy toward China from Hong Kong to climate change.
Video

Video Japanese Leader’s Election Win Raises Potential for Conflict with Neighbors

Japan’s Prime Minister Shinzo Abe and his allies easily won a two-thirds majority in parliament Sunday, even though the country has slipped into recession under his conservative policies. VOA’s Brian Padden reports from Seoul, that the prime minister’s victory will empower him to continue economic reforms but also pursue a nationalist agenda that will likely increase tensions with Japan’s neighbors.
Video

Video Nuba Mountain Families Hide in Caves to Escape Aerial Bombings

Despite ongoing peace talks between Sudan's government and the rebel Sudan People’s Liberation Movement-North, or SPLM-N, daily aerial attacks continue in South Kordofan province’s Nuba Mountains. Adam Bailes was there and reports for VOA that government forces are targeting civilian areas, rather than military positions, with their daily bombardments.

All About America

AppleAndroid

World Currencies

EUR
USD
0.8033
JPY
USD
117.19
GBP
USD
0.6372
CAD
USD
1.1634
INR
USD
63.622

Rates may not be current.