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

Video Experts Warn World Losing Ebola Fight

Doctors Without Borders says world is losing battle against Ebola, unless wealthy nations dispatch specialized biological disaster response teams More

Video Experts: Rise of Islamic State Significant Development in Jihadism

Many analysts contend the group - which grew out of al-Qaida in Iraq - has been rebuilding for years More

US-Based Hong Kongers Pledge Support for Pro-Democracy Activists

Democracy advocates call on Chinese living abroad to join them in opposing new election rules for their home territory 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.
Larger Than Life Chinese Lanterns Make Southern California Appearancei
X
Elizabeth Lee
September 02, 2014 8:57 PM
Chinese lanterns with a long history are lighting up in 21st century style at the Los Angeles County Fair in southern California. Visitors can see traditional lanterns that hang, but also lanterns in the shape of animals, iconic landmarks and many other objects, all created by artisans from a place in China known for its lanterns. Elizabeth Lee has the details from the fair in the city of Pomona.
Video

Video Larger Than Life Chinese Lanterns Make Southern California Appearance

Chinese lanterns with a long history are lighting up in 21st century style at the Los Angeles County Fair in southern California. Visitors can see traditional lanterns that hang, but also lanterns in the shape of animals, iconic landmarks and many other objects, all created by artisans from a place in China known for its lanterns. Elizabeth Lee has the details from the fair in the city of Pomona.
Video

Video Experts See Rise of ISIS as Significant Development

The Islamic State’s rise seems sudden. It caught the U.S. by surprise this summer when it captured large portions of northern Iraq and spread its wings in neighboring Syria. But many analysts contend that the group - which grew out of al-Qaida in Iraq - has been rebuilding for years. VOA's Jela de Franceschi takes a closer look at the rise of ISIS and its implications for the Middle East and beyond.
Video

Video Israel Concerned Over Syrian Rebels in Golan

Israeli officials are following with concern the recent fighting between Syrian rebels and government forces near the contested Golan Heights. Forty-four U.N. peacekeepers from Fiji have been seized by Syrian Islamist rebels and the clashes occasionally have spilled into Israel. VOA’s Scott Bobb reports from Jerusalem.
Video

Video Ukraine Schools Resume Classes, Donate to Government Forces

A new school year has started in Ukraine but thousands of children in the war-torn east are unable to attend because of ongoing clashes with pro-Russia rebels. In Ukraine's capital, patriotic education has become the norm along with donations to support injured security forces fighting to take back rebel-held areas. VOA's Daniel Schearf reports from Kyiv.
Video

Video US Detainees Want Negotiators for Freedom in North Korea

The three U.S. detainees held in North Korea were permitted to speak with foreign media Monday. The government of Kim Jong Un restricted the topics of the questions, and the interviews in Pyongyang were limited to five minutes. Each of the men asked Washington to send a representative to Pyongyang to secure his release. VOA’s Carolyn Presutti has our story.
Video

Video Turkmen From Amerli Describe Survival of IS Siege

Over the past few weeks, hundreds of Shi'ite Turkmen have fled the town of Amerli seeking refuge in the northern city of Kirkuk. Despite recent military gains after U.S. airstrikes that were coordinated with Iraqi and Kurdish forces, the situation remains dire for Amerli’s residents. Sebastian Meyer went to Kirkuk for VOA to speak to those who managed to escape.
Video

Video West Africa Ebola Vaccine Trials Possible by Early 2015

A U.S. health agency is speeding up clinical trials of a possible vaccine against the deadly Ebola virus that so far has killed more than 1,500 people in West Africa. If successful, the next step would be a larger trial in countries where the outbreak is occurring. VOA's Carol Pearson has more.
Video

Video Survivors Commemorate 70th Anniversary of Nazi Liquidation of Jewish Ghetto

When the German Nazi army occupied the Polish city of Lodz in 1939, it marked the beginning of a long nightmare for the Jewish community that once made up one third of the population. Roughly 200,000 people were forced into the Lodz Ghetto. Less than 7,000 survived. As VOA’s Kane Farabaugh reports, some survivors gathered at the Union League Club in Chicago on the 70th anniversary of the liquidation of the Lodz Ghetto to remember those who suffered at the hands of the Nazi regime.

AppleAndroid

World Currencies

EUR
USD
0.7537
JPY
USD
103.79
GBP
USD
0.6032
CAD
USD
1.0957
INR
USD
60.522

Rates may not be current.