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HindustanTimes Mon,20 Oct 2014

Jobless number up 30mn more than pre-crisis period, says ILO

AFP  Tokyo, October 12, 2012
First Published: 21:26 IST(12/10/2012) | Last Updated: 01:43 IST(13/10/2012)

There are 30 million more people without jobs around the world than before the financial crisis began, the head of the International Labour Organisation (ILO) said on Friday.

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The figures come amid a growing debate over the merits of austerity, especially in Europe, where painful budget-cutting has pushed jobless levels as high as 25% in some countries, including debt-hit Greece and Spain.

"Global unemployment is still more than 30 million higher than before the crisis," said Guy Ryder, director-general. "And nearly 40 million more people have stopped looking for work."

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"With the world's workforce growing by around 40 million a year we face large and growing decent-work deficits stretching out years ahead. Of those employed, 900 million are unable to earn enough to lift themselves above the $2 a day poverty line."

The figure would be 55% lower if the poverty reduction trend seen before the crisis had been maintained, said Ryder.


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