In the fifth year after the outbreak of the global financial crisis, global growth has decelerated and the effect is still continuing. Unemployment has started to increase again. According to The United Nations, the number of unemployed in the world reached 197 million in 2012 and was expected to increase further. According to the report, this year unemployment will rise to 5.1 million.
If the economic and labor market trends continue in this way, there is a big risk. The ILO projects 400 million new entrants into labour markets over the next ten years . 400 million new jobs will be needed simply for prevent a further increase in global unemployment.
International Labour Organization, about 39 million people in the labor market is predicted taken. General Director Guy Ryder of ILO has stated that uncertain economic situations and policies are insufficient to prevent it. In this instance have resulted in lost into investment and low demand for employment force.
According to ILO report at the beginning of the world is most affected by unemployment are young people. About 13 percent of those under the age of 24 is unemployed. The lowest unemployment rate among young people in Germany, Austria and Switzerland.
Written by Latife Cansu Bayar, Eyüp Dönderalp, Lucija Kacin and Lenka Filova