The International Labour Organization (ILO) believes 202 million people in the world will be unemployed in 2012, an increase of six million from last year.
According to a new ILO report, the economic austerity measures and reforms in the labor market had very negative consequences for the global employment. The organization warns of the danger of unrest if the various governments are unable to combine austerity with the creation of new jobs.
The strategy of cutbacks and regulations were expected to lead to more growth. It has not happened, says Raymond Torres, Director of ILO’s Institute for Studies in the international labor market.
In Norway the 1st of May speech performed by our Prime Minister; Jens Stoltenberg spoke about the concerns of Spain Economy which is now worse than before. “The danger of economic crisis in Europe is far from over” He warned against growing unemployment in several European countries, and called the rising unemployment for the real crisis. (I found that very true!)
According to the ILO report, around 50 million jobs have disappeared since the financial crisis!
- It all started out with bailing out banks, then to saving countries with giving them enormous sums of money, but now we need to help the people! Something has to be done to get people into work!