Unemployment hit record high in 2009: ILO
The number of jobless worldwide reached nearly 212 million in 2009
following an unprecedented increase of 34 million compared to 2007,
on the eve of the global crisis, the International Labour Office
(ILO) said in its annual Global Employment Trends report.
Based on IMF economic forecasts, the ILO estimates that global unemployment is likely to remain high through 2010. In the Developed Economies and European Union unemployment is projected to increase by an additional 3 million people in 2010, while it will stabilize at present levels, or decline only slightly, in other regions.
The ILO also said the number of unemployed youth worldwide increased by 10.2 million in 2009 compared to 2007, the largest hike since 1991. *
Based on IMF economic forecasts, the ILO estimates that global unemployment is likely to remain high through 2010. In the Developed Economies and European Union unemployment is projected to increase by an additional 3 million people in 2010, while it will stabilize at present levels, or decline only slightly, in other regions.
The ILO also said the number of unemployed youth worldwide increased by 10.2 million in 2009 compared to 2007, the largest hike since 1991. *
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