Unemployment to increase due to global economic crisis - ILO
The global economic crisis is expected to lead to a dramatic increase
in the number of people joining the ranks of the unemployed, working
poor and those in vulnerable employment, the International Labour Office
(ILO) said in its annual Global Employment Trends report (GET).
Based on new developments in the labour market and depending on the
timeliness and effectiveness of recovery efforts, the report said global
unemployment in 2009 could increase over 2007 by a range of 18 million
to 30 million workers, and more than 50 million if the situation
continues to deteriorate.
The ILO report also said that in this last scenario some 200 million
workers, mostly in developing economies, could be pushed into extreme
poverty. “The ILO message is realistic, not alarmist. We are now facing
a global jobs crisis. Many governments are aware and acting, but more
decisive and coordinated international action is needed to avert a
global social recession.
Progress in poverty reduction is unravelling and middle classes
worldwide are weakening.
The political and security implications are daunting.” said ILO
Director-General, Juan Somavia.
“The crisis is underscoring the relevance of the ILO Decent Work
Agenda. We find many elements of this Agenda in current measures to
promote job creation, deepening and expanding social protection and more
use of social dialogue,” Somavia said.
He called on the upcoming meeting of the G-20 on 2 April in London,
alongside financial issues, to urgently agree on priority measures to
promote productive investments, decent work and social protection
objectives and policy coordination.
The new report updates a preliminary estimate released last October
indicating that the global financial crisis could increase unemployment
between 15 to 20 million people by 2009. |