Unemployment Higher Than Before Financial Crisis

There are now 30 million more people without jobs around the world, says ILO

The International Labour Organisation (ILO) says that there are now 30 million more people without jobs around the world than before the global financial crisis began.

ILO director-general, Guy Ryder, points out that global unemployment is still more than 30 million higher than before the crisis, adding that nearly 40 million more women and men have stopped looking for work.

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 percent in some countries, including debt-hit Greece and Spain.

To read the article titled, “Unemployment 30mn higher than before crisis: ILO,” click here.

Source: 
The Citizen

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