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World – Global unemployment to reach record high in 2013, says ILO

22 January 2013

Global unemployment rose in 2012 after falling for two consecutive years while joblessness could further increase in 2013, the International Labour Organization (ILO) said in a new report on Tuesday.

The research – Global Employment Trends 2013 – found that global unemployment rose by 4.2 million in 2012 to over 197 million, taking the unemployment rate to 5.9%.  It said that worldwide unemployment was likely to rise 5.1 million this year and by a further 3 million in 2014.

The increase in unemployment is due to the economic downturn which is impacting developed countries in particular. 2009 was the worst recorded year for world unemployment, seeing over 198 million people out of work. The ILO said that global joblessness in 2013 will beat that level and reach a record high.

“An uncertain economic outlook, and the inadequacy of policy to counter this, has weakened aggregate demand, holding back investment and hiring,” said ILO Director-General Guy Ryder.

“This has prolonged the labour market slump in many countries, lowering job creation and increasing unemployment duration even in some countries that previously had low unemployment and dynamic labour markets.”

He also said that many of the new jobs require skills that jobseekers do not have. “Governments should step up efforts to support skills and retraining activities in order to address such mismatches which particularly affect young people,” he said. 

Read the whole report here

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