World unemployment rising

Last updated 14:16 22/01/2013

Relevant offers

World

Leonardo DiCaprio meets with Donald Trump to talk environment Lingerie shop staff stalked, bullied at Australia's Honey Birdette: ex-workers Vinyl record sales overtake digital music in UK News Corp's Rupert Murdoch cleared to buy Australian APN newspapers Michael Jordan scores victory in legal battle for chinese name 'This is going to be a thing we laugh at one day': Sydney man's house mistakenly demolished, neighbour's house still standing Trump chooses former WWE exec McMahon for small business SpaceX delays launch to January after fireball grounding One of this year's most popular Christmas gifts may surprise you Robo-retail: Amazon's checkout-free move sounds warning on jobs

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