Tuesday, January 24, 2012

600 million new jobs needed in next 10 years: ILO

File photo of people wait in line to enter a job fair in New York Aug 15, 2011. -- PHOTO: REUTERS

GENEVA (AFP) - The International Labour Organisation (ILO) on Tuesday released a pessimistic report for the global jobs market in 2012 saying urgent attention is needed to create 600 million new jobs in the next 10 years.

'Despite strenuous government efforts, the jobs crisis continues unabated, with one in three workers worldwide, or an estimated 1.1 billion people, either unemployed or living in poverty,' said ILO director-general, Juan Somavia, in the Global Employment Trends 2012 report.
'What is needed is that job creation in the real economy must become our number one priority,' he said.
'Whether we recover or not from this crisis will depend on how effective government policies ultimately are.' The report said governments must coordinate and act decisively 'to reduce the fear and uncertainty that is hindering private investment so that the private sector can restart the main engine of global job creation.' ILO senior economist Ekkehard Ernst said at a press conference the recovery started in 2009 was short-lived and there were nearly 29 million fewer people in the labour force now than 'would be expected based on pre-crisis trends'.

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