News

Jan 21, 2013 9:10 PM by Matt Stafford

UN predicts millions more jobless around the world despite growth

BERLIN (AP) - The U.N. labor agency warns that the lingering effects of the global economic crisis means unemployment will continue to rise - even though world economies are expected to pick up.

The International Labor Organization said in a report released Tuesday the net number of unemployed people rose by 4 million in 2012 to some 197 million overall. It is expected to rise by 5.1 million in 2013, and by another 3 million in 2014.

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

The global unemployment rate during the crisis peaked at 6.21 percent in 2009 and was 5.93 percent in 2012. It's expected to reach 6.01 percent in 2013 and 2014.

»Comments

»Topics in this article

More News

National
Story Photo

1 hour ago

Baby Monitors Recalled

Concerns about overheating and rupturing batteries have forced the recall of a dozen different type of baby monitors. The Consumer Product Safety...

Weather - Forecast
Story Photo

1 hour ago

Warm Till Saturday

Temperatures start to climb again for Friday and Saturday where many locations will be in the 70s. However, by Saturday, the clouds...

Most Popular

Top Videos

1 2 3 4