ILO: Unemployment to increase by 8.1 million in 2013-2014

Classroom of the Employment & Training Centre of Wenjiang District. The centre promotes the SIYB (Start and Improve Your Business) program. This program, implemented by the ILO jointly with other international organizations, has created around 200 000 jobs all over China. Chengdu. China. (ILO photo gallery).

Classroom of the Employment & Training Centre of Wenjiang District. The centre promotes the SIYB (Start and Improve Your Business) program. This program, implemented by the ILO jointly with other international organizations, has created around 200 000 jobs all over China. Chengdu. China. (ILO photo gallery).

An International Labour Office (ILO) report published today entitled “Global Employment Trends 2013: Recovering from a second jobs dip”, estimates that unemployment in all 185 member states of the organisation, will rise again this year by 5.1 million and by another 3 million in 2014. The ILO is the international organization responsible for drawing up and overseeing international labour standards, being the only tripartite U.N. agency with government, employer, and worker representatives.

According to this report, “In the fifth year after the outbreak of the global financial crisis, global growth has decelerated and unemployment has started to increase again, leaving an accumulated total of some 197 million people without a job in 2012. Moreover, some 39 million people have dropped out of the labour market as job prospects proved unattainable, opening a 67 million global jobs gap since 2007. Despite a moderate pick-up in output growth expected for 2013–14, the unemployment rate is set to increase again”.

The findings of the report by region are also revealing. “Lower economic activity and job growth even in countries that had initially escaped the second wave of the crisis constitutes a spillover effect of the weak growth in advanced economies in 2012, in particular recession conditions in Europe. Growth decelerated by 1.4 percentage points in East Asia, largely due to a notable slowdown in China, where growth slowed to 7.8 per cent – the slowest rate of growth since 1999. In South Asia, where growth in India slowed sharply to 4.9 per cent, the lowest rate of growth in the country in a decade, the regional GDP growth rate decelerated by 1.6 percentage points. The regions of Latin America and the Caribbean and the Middle East also saw a substantial deceleration”.

In short world economy is still paying its dues to the 2008 financial crisis, entering now in a new recession period without actually having enjoined a full recovery. As usual unemployment hits harder the young. According to the ILO, “young people remain particularly stricken by the crisis. Currently, some 73.8 million young people are unemployed globally and the slowdown in economic activity is likely to push another half million into unemployment by 2014.

The youth unemployment rate – which had already increased to 12.6 per cent in 2012 – is expected to increase again to 12.9 per cent by 2017. The crisis has dramatically diminished the labour market prospects for young people, as many experience long-term unemployment right from the start of their labour market entry, a situation that was never observed during earlier cyclical downturns”.

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Coronavirus response: over €1 billion from EU Cohesion policy to support Spain’s recovery

The hidden pandemic: mental illness

JADE Team at the European Business Summit 2017

Populist Eurosceptics helped by Trumpists seriously threaten the EU edifice

A Sting Exclusive: “Entrepreneurship in the Coronavirus (COVID-19) era” written by the Vice-President of Junior Enterprises Europe

‘Endemic’ sexual violence surging in South Sudan: UN human rights office

Eurozone governed by an obscure body and gray procedures

Climate changes and the imminent public health crises

Eurozone recession subsides

More funds needed to counter ‘persistent and multi-faceted humanitarian problems’ in Ethiopia

Cohesion Policy after 2020: preparing the future of EU investments in health

On their epic journeys, migratory birds connect nations and inspire people, UN says on World Day

Rapid action needed for people to meet challenges of changing world of work

Libya ‘in race against time’, but dissolving conflict ‘a realistic prospect’, Security Council hears

Why India can show us how to achieve growth with purpose

Opening – February plenary session, 27 new seats

Telemedicine and the Brazilian reality

This is what great leadership looks like in the digital age

UNESCO food and culture forum dishes up fresh serving of SDGs

‘True’ peace, requires standing up for human rights, says UN chief Guterres

Iran: UN rights chief ‘deeply disturbed’ by continuing executions of juvenile offenders

WhatsApp to face scrutiny from EU regulators task force over data sharing with Facebook

Tuesday’s Daily Brief: funding for Palestine refugees, families today, tech surveillance

UN and African Union in ‘common battle’ for development and climate change financing

China is adding a London-sized electric bus fleet every five weeks

UN investigates systematic sexual violence across South Sudan

They won this year’s Nobel for economics. Here’s why their work matters

Living to 100: why we should plan for more sushi, chocolate and work

COP22 addresses a strong global pledge to effectively implement the Paris Agreement

Restore hope that peace will come to the Middle East, UN negotiator urges Security Council

Seaweed straws and loose-leaf tea: 6 ways to reduce plastic waste

South Sudan ‘heading towards lasting peace and stability’, UN General Assembly told

3 ways activists are being targeted by cyberattacks

Facts and prejudices about work

How global tech companies can champion ethical AI

Universal Health Coverage in the EU: Are we really leaving no one behind?

Easier Schengen Visas for non-EU holiday makers: A crucial issue for south Eurozone countries

Yemen agreement to end southern power struggle ‘important step’ towards peace: UN Special Envoy

System value can power the energy transition in emerging markets

Future of Insurance Claims in Focus at Fourth Annual Connected Claims Europe Summit

The multidisciplinary team facing the multidrug resistant form of Tuberculosis in the state of Amazonas (Brazil)

Ukraine pays the price for lying between Russia and the EU

UN experts urge Turkey to repatriate Irish woman associated with terror group

We won’t win the online security war without people power

Across the world, women outlive men. This is why

A ‘system value’ approach can accelerate the energy transition. Here’s how

How tiny countries top social and economic league tables (and win at football, too)

Geopolitics and investment in emerging markets after COVID-19

The blackened white coat of the doctors

COP21 Breaking News: “There is an ecological debt that the world needs to pay back to Africa”, French President Francois Hollande promises 2 Billion euros by 2020 from Paris

Conference on Future of Europe should start “as soon as possible in autumn 2020”

Roma integration: fight social exclusion, poverty and anti-gypsyism, MEPs demand

Car rentals: EU action leads to clearer and more transparent pricing

Paradise islands of Pacific increasingly vulnerable to climate change, as UN boosts resilience

Key quotes from China’s Premier Li on COVID-19, the economy and US relations

Right2Water initiative: Is the Commission ready to listen to citizens?

Coronavirus: Commission Statement on consulting Member States on proposal to prolong and adjust State aid Temporary Framework

3 ways to stop COVID-19 from drying up start-up talent pools

UN launches ‘South-South Galaxy’ knowledge-sharing platform in Buenos Aires

Investors have a role in securing our shared digital future

More Stings?

Advertising

Trackbacks

  1. […] ILO: Unemployment to increase by 8.1 million in 2013-2014 […]

  2. […] ILO: Unemployment to increase by 8.1 million in 2013-2014 […]

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s