Global unemployment seen rising by 5.1 million in 2013, 3 million in 2014
Published on Jan 22, 2013 7:19 AM
GENEVA (REUTERS) - The global jobless queue will stretch to more than 200 million people this year, the International Labour Organisation (ILO) said in its annual report on Tuesday, repeating a warning it has made at the start of each of the last six years.
The United Nations' jobs watchdog estimates unemployment will rise by 5.1 million this year to more than 202 million, and by another 3 million in 2014, following a rise of 4.2 million in 2012.
If those predictions are right, global unemployment will hit a record. But the ILO has revised its jobless figures down each year as the number of those giving up the job hunt altogether swells, meaning they are no longer classed as unemployed.
A Reuters analysis of previous ILO reports shows that estimates of unemployment made in each of the last six years have subsequently been cut. The original 2007 joblessness figure of 189.9 million is now put at 169.0 million - 11 per cent lower.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here