The International Labour Organization (ILO) has warned that the global employment situation is "alarming" and is unlikely to improve soon.
The agency said that austerity measures, especially in advanced economies, were hurting job creation.
The ILO said the situation was likely to get worse amid slowing global growth and more people entering the workforce.
High unemployment has been a concern in the US and other major economies and has hurt the global economic recovery.
"It is unlikely that the world economy will grow at a sufficient pace over the next couple of years to both close the existing jobs deficit and provide employment for the more than 80 million people expected to enter the labour market during this period," the agency said in its latest report.
Source & Image : BBC
No comments:
Post a Comment