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 Milestones

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

Electronic cigarettes – The alternative we’ve been looking for?

EU’s guidelines on net neutrality see the light although grey areas do remain

How will Brexit affect higher education in the EU?

Trade defence report: restoring the level playing field for European producers

International Literacy Day: What you need to know about youth literacy

As human genome editing moves from the lab to the clinic, the ethical debate is no longer hypothetical

This young activist explains how to change the world in 3 steps

Dignified health for all who live here

These Harvard scientists think we’ll have to socially distance until 2022

Are we letting politicians play with migrants’ health?

Collaboration and connectivity at ITU Telecom World 2019

The vegan economy is booming – and Big Food wants a slice of it

Central African Republic: Guterres says UN mission committed to protecting civilians, helping stabilize country, as violence flares

EU Trust Fund for Africa: Can it be beneficial for Italy and tackle the migration crisis in the Mediterranean?

Anti-vaccination: a private choice leading to collective outcomes

Lies and reality about incomes and wealth in the EU

5 ways Denmark is preparing for the future of work

Endocrine disruptors: A strategy for the future that protects EU citizens and the environment

Protect women’s rights ‘before, during and after conflict’ UN chief tells high-level Security Council debate

In Yemen, Special Envoy sees UN role in preserving ‘essential’ aid pipeline at country’s major port

Humanitarian aid: EU mobilises over €18 million for the Central African Republic in 2019

Making Artificial Intelligence ethical, safe and innovative

North-east Nigeria displacement crisis continues amid ‘increased sophistication’ of attackers, warns UN

The EU invites the US and Russia to partition Ukraine

Algeria must stop arbitrary expulsion of West African migrants in desert: UN migration rights expert

Pandemic and quarantine: What can we do for our mental health?

MEPs list conditions for new EU-Azerbaijan deal

EU prolongs economic sanctions on Russia by six months

We can save our ocean in three steps – if we act now

EU’s Finance Ministers draft plan to raise tax bills of online giants like Google and Amazon

‘Critical moment’ for sustainable development, UN chief tells major financing forum

G20 LIVE: G20 Antalya Summit in Numbers, 15-16 November 2015

New technologies, artificial intelligence aid fight against global terrorism

Brussels to point the finger to Washington for lack of commitment over TTIP

The COVID-19 recovery can be the vaccine for climate change

The importance of collaboration in the digital economy

Political solution ‘long overdue’ to protect the children of eastern Ukraine

Samoa measles outbreak claims 70 lives, majority are children under five

Survivors of ISIL terror in Iraq want justice, not revenge, says head of UN investigation team

Joint Statement on European Immunization Week 2021: Celebrating the past, present and future benefits of vaccines

‘Ghost fishing’ is threatening our oceans. Here’s how we can tackle it

A good night’s sleep ‘washes’ your brain, scientists say

“Cyber security is a shared responsibility: stop, think, connect”, a Sting Exclusive by EU Commissioner Gabriel

Sanity in times of COVID-19

Syria: At least seven children killed in yet another airstrike

Why exporters need to mind the trade finance gap

Pervasive corruption costs $2.6 trillion; disproportionately affects ‘poor and vulnerable’ says UN chief

On flight to sustainable development, ‘leave no country behind’, urges aviation agency

EU Ambassadors in the EP: a multilateral approach to global challenges needed

Why cybersecurity should be standard due diligence for investors

ILO: Progress on gender equality at work remains inadequate

No way out for Eurozone’s stagnating economy

The horrific trend of the anti-vaccine movement in Turkey

UN agencies welcome green light for Rohingya projects in northern Myanmar; urge ‘more effective access’

These are the world’s most fragile states in 2019

270 million people are migrants, who send home a staggering $689 billion

A Sting Exclusive: “Seize the opportunity offered by Africa’s continental free trade area”, written by the Director General of UNIDO

Aid funding for Occupied Palestinian Territories at ‘all-time low’

How the digital economy is shaping a new Bangladesh

The world is getting angrier, according to a new poll

More Stings?

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