|Market Research A to Z | Company Profiles A to Z | Register | Contact Us | Shopping Basket|
|+44 (0) 203 086 8600 Call us on|
The number of jobless people around the world rose by 4 million in 2012 to 197 million, and is expected to grow further, the UN labour agency warns.
Five years on from the onset of the financial crisis, unemployment is on the rise again as economies around the world lose jobs and the fragile recovery is threatened by "incoherent monetary policy" in the US and Europe, reported the ILO.
By 2013, a record 202 million people could be unemployed across the globe, the International Labour Organization (ILO) said on Tuesday.
That number is expected to rise by another three million in 2014 and should hit 210.6 million by 2017, ILO said, adding that the global unemployment rate was expected to stay steady at 6% until then.
According to United Nation's agency's latest report, Global Employment Trends 2013, 6% of the world's workforce were without a job in 2012.
Young people were the worst affected: nearly 13% of those under 24 were unemployed. Some 35% of all young unemployed people have been out of work for six months or longer in advanced economies, up from 28.5% in 2007.
The report revealed that long-term unemployment was also growing, pointing out that a third of Europe's jobless had been without work for more than a year.
Many were giving up, with the report estimating that 39 million people had withdrawn from the labour market.
The world's most advanced economies were the centre for the financial crisis and have been the hardest hit, accounting for half of the total increase in unemployment of 28 million since the onset of the crisis.
Follow us on Twitter @CandMResearch
Free Research Support: Let us do the work for you and find information from public and private sources of information. Contact us now and we can save you time and money.......Free Research Support
Use our skills and global network of researchers and consultants to help find and source the business information you need.
Contact us now on 00 44 (0) 203 0868600 or "enquiries @ companiesandmarkets.com" to discuss you requirements and we can provide you with a research solution at suprisingly efficient rates and timelines.
Sometimes we can even find the information you require for free.
We are offering our clients substantial savings on the best research available during October. Please contact us either via email or by calling our team to discuss your specific research needs on Tel: 00 44 (0) 203 0868600.