International Labor Organization Predicts Higher Unemployment
January 27, 2013
People enter an unemployment registration office in Madrid, September 4, 2012.
From VOA Learning English, this is the Economics Report in Special English.
The International Labor Organization says nearly 200 million people are without jobs. And the ILO is warning of even higher unemployment this year.
The United Nations agency this week released a report called “Global Employment Trends 2013”. It says the number of unemployed worldwide rose by more than four million last year, compared with 2011. The report says one fourth of this increase was in developed economies. The remaining 75 percent were in mainly developing economies in Asia, and in African countries south of the Sahara Desert.
The report says an estimated 39 million people stopped looking for work last year. It says the average length of unemployment increased sharply in developed economies. One-third of all job seekers there were unemployed for a year or more.
The ILO’s Director-General, Guy Ryder, is concerned about the world economy. He says the recovery is not expected to be strong enough to reduce unemployment quickly.
Unemployment in Europe, 2000-2012 "We see that unemployment is set to rise again. Our projection would be for 5.1 million more in 2013 and still a further 3 million in 2014. So the trends are very much in the wrong direction." 19 seconds = 3 lines
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