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Today's
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interbiznet presents the Bugler |
| June 16, 2003 |
Remarkable People
Read John Sumser's article in the Electronic Recruiting News.
Into The Mystic ... Donna's gypsy soul has beckoned. Her regular column will resume June 23.
Global Employment Trends 2003
Two years of economic slowdown has pushed the number of unemployed to new heights worldwide, with little prospect of any improvement in the global employment situation this year, according to a new report entitled Global Employment Trends (.PDF file) issued by the International Labour Office (ILO).
In the new study, ILO estimates that the number of unemployed worldwide grew by 20 million since the year 2000 to reach a total of 180 million at the end of last year. In addition, the report says the weakness of labour markets has reversed recent reductions in "working poverty" achieved in the late 1990s. Particularly hard hit have been women and youth, who often have jobs that are particularly vulnerable to economic shocks. What's more, unemployed workers pushed into informal jobs in search of work faced even more uncertainty due to the sector's near total lack of unemployment or social security coverage.
Among the major findings in the report:
- At the end of 2002, the number of working poor, or workers living on $1 or less a day, resumed its upward trend, returning to the level of 550 million recorded in 1998.
- While the global economic slowdown and post September 11 developments increased unemployment worldwide, Latin America and the Caribbean were hit hardest, with recorded joblessness rising to nearly 10 per cent.
- To absorb new entrants into the labour market and reduce working poverty and unemployment, at least one billion new jobs are needed during the coming decade to get on track for the UN goal of halving extreme poverty by 2015.
The report also identifies economic prospects and regional trends throughout the world.
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