UN Global Employment Trends 2013 reports unemployment rising

Here’s the link to the Global Economic Trends 2013 report published yesterday by the United Nation’s International Labour Organization.   The Report is subtitled, “Recovering from a second jobs dip.”

The report Summary reads:

“Five years after the outbreak of the global financial crisis, the study offers the latest global and regional information and projections on several indicators of the labour market, including employment, unemployment, working poverty and vulnerable employment. It also presents a number of policy considerations in light of the new challenges facing policy makers in the coming year.

Ekkehard Ernst, Chief of the ILO Employment Trends Unit shares information from this year’s report in the video below:

“The ILO report says not enough jobs are being created,” Ernst says.  According to the report, 197 million people are currently unemployed, including 74 million young people.  This number is expected to rise by 5 million in 2013.

He says that “advanced economies were the hardest hit,” particularly the U.S. and Europe.  New skill set development is required, Ernst says.  He recommends that governments give incentives for employers to hire for new positions and offer training in skills necessary for jobs.

 

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