News / Economy

ILO: Global Unemployment to Rise Again

Lisa Schlein
— The International Labor Organization reports nearly 200 million people worldwide are without jobs, and it forecasts higher unemployment this year. The ILO’s “Global Employment Trends 2013” report warns the high level of youth unemployment is of particular concern.

The International Labor Organization reports the number of unemployed worldwide rose by 4.2 million in 2012 after falling for two straight years.  It says one-quarter of that increase is in the advanced economies, while three-quarters is in developing economies in East and South Asia and Sub-Saharan Africa.

The report finds a further 39 million people around the world have dropped out of the labor market and are not counted in the jobless rate.  It says the average duration of unemployment has increased significantly, with one-third of all job seekers in developed countries being unemployed for one year or longer.   

ILO Director-General Guy Ryder says future prospects are not good, as the forecast global economic recovery is not expected to be strong enough to bring down unemployment quickly.  

“We see that unemployment is set to rise again.  Our projection would be for 5.1 million more in 2013 and still a further 3 million in 2014.  So the trends are very much in the wrong direction,”Ryder said.  

The ILO predicts the number of job seekers will rise to more than 210 million over the next five years. The report says the labor market is particularly bleak for young people. It says almost 74 million people aged between 15 and 24 are unemployed around the world - an unemployment rate of 12.6 percent.

The report says more and more young people who experience long-term unemployment get discouraged and drop out of the labor market.  It says this hurts their long-term job prospects and prevents young people from gaining on-the-job experience.

Ryder says another problem relates to what he calls labor market mismatch.  He explains as new jobs become available, many require skills that job seekers do not have.  This skills mismatch, he says, is negatively affecting the prospects for labor market recovery, if and when economic growth takes hold.

“I was given rather a potent reminder of the realities of this mismatch myself in Tunisia last week, where I was told by the Tunisian authorities on the occasion of the second anniversary of the revolution there that there are as many empty posts in Tunisia, work posts for which workers cannot be found, as there are unemployed.  Nevertheless, unemployment remains at the stubbornly high levels that it does -- over 30 percent for young people,” Ryder said.  

A 26-year-old Tunisian man, Mohamed Bouazizi, set himself on fire in December 2010 when police confiscated his fruit stand.  His action is generally credited with having started the Arab Spring, which has triggered ongoing riots across the Middle East and North Africa.

ILO Chief Ryder warns continued youth unemployment around the world could lead to further social instability.  He says promoting jobs for young people must be a priority.  

The report says the employment situation for young people is expected to improve slightly in developed economies over the next five years. But it says youth unemployment is expected to rise in emerging economies in Eastern Europe, in East and Southeast Asia and in the Middle East.

The ILO says some European countries have adopted schemes that guarantee employment or training for groups of young people. It says these have proven to be successful and affordable. It urges other governments to replicate these programs.

You May Like

China Investigates Former Powerful Security Chief

Former security chief and member of Politburo Standing Committee, Zhou Yongkang, under investigation for suspected 'serious disciplinary violation' More

India, US Look to Reset Ties During Kerry Visit

This week's talks will be first high level interaction between two countries since Prime Minister Narendra Modi took charge More

Video Young African Leadership Program Renamed to Honor Mandela

YALI program, launched by President Obama in 2010, aims to build skills in business, entrepreneurship, public management and civic leadership 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.
Vietnamese Staging Chinese Product Boycott After Oil Rig Spati
X
Reasey Poch
July 28, 2014 7:18 PM
China recently pulled an oil rig from an area of the disputed South China Sea that Vietnam also claims. Despite the action, the incident has had a lingering effect on consumers in Vietnam. VOA's Reasey Poch reports from Hanoi on an effort to boycott Chinese products.
Video

Video Vietnamese Staging Chinese Product Boycott After Oil Rig Spat

China recently pulled an oil rig from an area of the disputed South China Sea that Vietnam also claims. Despite the action, the incident has had a lingering effect on consumers in Vietnam. VOA's Reasey Poch reports from Hanoi on an effort to boycott Chinese products.
Video

Video ESA Spacecraft to Land on a Comet

After a long flight through deep space, a European Space Agency probe is finally approaching its target -- a comet millions of kilometers away from earth. Scientists say the mission may lead to some startling discoveries about the origins of the water on earth. VOA’s George Putic has more.
Video

Video Young Africans Arrive in US for Leadership Program

President Barack Obama's Young African Leadership Initiative has brought hundreds of young Africans to the United States for a six-week program aimed at building their knowledge and skills in fields such as public administration and business. Out of the 50,000 young Africans who applied for the program, just one percent was accepted. VOA's Laurel Bowman caught up with some of those who made the cut and has this report.
Video

Video In Honduras, Amnesty Rumors Fuel US Migration Surges

False rumors in Central America are fueling the current surge of undocumented young people being apprehended at the U.S. border. The inaccurate claims suggest the U.S. will give amnesty to young migrants from the region. As VOA's Brian Padden reports from Honduras, these rumors trace back to President Obama's 2012 executive order to halt deportations for some young undocumented immigrants already living in the United States.
Video

Video Students in Business for Themselves

They're only high school students, but they are making accessories for shoes, fabricating backpacks and doing product photography - all through their own businesses. It's the result of a partnership between a non-profit organization that teaches entrepreneurship and their schools. VOA's Mike O'Sullivan and Deyane Moses met the budding entrepreneurs near Los Angeles.
Video

Video Astronauts Train in Underwater Lab

In the world’s only underwater laboratory, four U.S. astronauts train for a planned visit to an asteroid. The lab - called Aquarius- is located five kilometers off Key Largo, in southern Florida. Living in close quarters and making excursions only into the surrounding ocean, they try to simulate the daily routine of a crew that will someday travel to collect samples of a rock orbiting far away from earth. VOA’s George Putic has more.

AppleAndroid

World Currencies

EUR
USD
0.7305
JPY
USD
101.53
GBP
USD
0.5830
CAD
USD
1.0656
INR
USD
60.075

Rates may not be current.