UN Predicts Rise in World Unemployment

Global unemployment is likely to rise over the next five years, and the combination of increasing joblessness and widening inequalities could lead to growing turbulence in many societies, the International Labor Organization warns in a new report.   

The United Nations agency forecasts that more than 212 million people worldwide will be out of work by 2019, up from 201 million now. In “World Employment and Social Outlook: Trends 2015,” it said more than 61 million jobs have been lost since the global economic crisis started in 2008. It predicted the tepid recovery means unemployment levels will rise until the current decade’s end.
A related new U.N. report anticipates modest economic growth worldwide over the next two years.

A likely trigger for social unrest will be young people, between the ages of 15 and 24, who are three times more likely to be unemployed than adults, the labor organization’s report said. In 2014, youth unemployment was almost 13 percent.

ILO research chief Raymond Torres said analyses by his organization and by others, such as the International Monetary Fund, showed an undeniable connection between social unrest and the labor market.................http://www.voanews.com/content/un-predicts-rise-in-world-unemployment/2605510.html
19/1/15
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Related:

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• The International Monetary Fund on Tuesday (Jan 20) sharply cut its 2015-2016 world growth forecast of only six months ago, saying lower oil prices did not offset pervasive weaknesses around the globe... 
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