Thursday, 6 May 2010

Global labour figures point to rising tide of joblessness

New figures released by the International Labour Office (ILO) and the Organisation of Economic Co-operation and Development (OECD) underscore the scale of joblessness throughout the G20 countries and the limited impact of various government stimulus measures.

The global economic crisis has thrown tens of millions of workers—especially those in the youngest and oldest cohorts—into permanent unemployment, the reports indicate. Labor and employment ministers, meeting last month for a G20 summit in Washington, responded to the OECD and ILO reports with vague recommendations for their governments to pursue “inclusive active labour market policies” and aim for a “higher equilibrium of progress” on employment issues. more...


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