World unemployment rising

Last updated 14:16 22/01/2013

Relevant offers

World

Sydney madam Jamelie Lahood pursued over tax bills Honeylab medicalā€grade kanuka honey a vanguard for pharmaceutical honey industry Google CEO Sundar Pichai sees the end of computers as physical devices Box of 'original' flavoured Arnott's Shapes selling on eBay for $60 Carl Icahn warns 'day of reckoning' approaches, sells entire Apple stake Venezuela declares 2-day workweek due to severe electricity shortages Drug-maker hands out world's highest chief executive pay package Australia's human guinea pigs in demand from Asia for clinical trials Hanes makes play for Australia's Pacific Brands SpaceX says it will fly a spacecraft to Mars as soon as 2018

The UN labour agency warns that the lingering effects of the global economic crisis means unemployment will continue to rise - even though world economies are expected to pick up. 
 
The International Labor Organisation said in a report released on Tuesday the net number of unemployed people rose by 4 million in 2012 to some 197 million overall. It is expected to rise by 5.1 million in 2013, and by another 3 million in 2014.
 
"An uncertain economic outlook, and the inadequacy of policy to counter this, has weakened aggregate demand, holding back investment and hiring," ILO Director-General Guy Ryder said.  
 
The global unemployment rate during the crisis peaked at 6.21 per cent in 2009 and was 5.93 per cent in 2012. It's expected to reach 6.01 per cent in 2013 and 2014.

Ad Feedback

- AP

Special offers

Featured Promotions

Sponsored Content