If the world is to achieve sustainable growth and maintain social cohesion, 600 million productive jobs must be created in the next decade. These are results of the annual report by the International Labour Organization (ILO) entitled Global Employment Trends 2012: Preventing a deeper jobs crisis.
The report states that after three years of the crisis on the global labor market, 200 million jobs are now missing in the world. Other 400 million jobs will be needed given the expected growth of the workforce in the coming decade. Market recovery that began in 2009 last only for a short time according to the report. There are still 27 million more unemployed people than before the crisis.
The report describes three possible scenarios of the global unemployment future. The basic forecast allows for another 3 million unemployed in 2012, which will mean 206 million unemployed in 2016. If the global growth rate falls below 2 percent, unemployment will rise to 204 million in 2012. A more optimistic forecast, which relies on the resolution of the euro debt crisis, estimates 1 million lower unemployment in 2012.
Young people under 24 years are the most affected. In the short term, there is little hope for a significant change.
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