News: Urgent challenge to create 600 million jobs: ILO

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Urgent challenge to create 600 million jobs: ILO

The International Labour Organization (ILO) states that there is an urgent challenge to create 600 million jobs over the world in the next decade as one in three workers worldwide are either unemployed or living in poverty. The creation of jobs over the next decade will help generate sustainable growth and maintain social cohesion. According to the report, 'Global Employment Trends 2012: Preventing a Deeper Jobs Crisis', after three years of continuous crisis conditions in global labor markets and against the prospect of a further deterioration of economic activity, there is a backlog of global unemployment of 200 million. Further the ILO states that besides the global unemployment backlog of 200 million, 400 million new jobs will be needed over the next decade to absorb the estimated 40 million new job-seekers in the labor force each year. The report also states that the world faces additional challenge of creating decent jobs for the estimated 900 million workers living with their families below the $ 2 a day poverty line, mostly in developing countries.

The International Labour Organization (ILO) states that there is an urgent challenge to create 600 million jobs over the world in the next decade as one in three workers worldwide are either unemployed or living in poverty. The creation of jobs over the next decade will help generate sustainable growth and maintain social cohesion. According to the report, 'Global Employment Trends 2012: Preventing a Deeper Jobs Crisis', after three years of continuous crisis conditions in global labor markets and against the prospect of a further deterioration of economic activity, there is a backlog of global unemployment of 200 million. Further the ILO states that besides the global unemployment backlog of 200 million, 400 million new jobs will be needed over the next decade to absorb the estimated 40 million new job-seekers in the labor force each year. The report also states that the world faces additional challenge of creating decent jobs for the estimated 900 million workers living with their families below the $ 2 a day poverty line, mostly in developing countries.

Source: The Economic Times 

Topics: #Updates, C-Suite

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