Highest Unemployment rate worldwide ever: 200 million seeking job, near 40% are between 15 and 24.
Europe Security News. The Chilean Juan Somavia is the Director General of ILO.
In a report published by der Spiegel, the International Labour Organization ILO affirmed that the world is suffering its highest record of unemployment. According to records kept by ILO only in 2011 the unemployment increased in 27 million.
At the end of 2011 ILO recorded 200 million people seeking work in the world, and not find it.
The unemployment report made by the International Labour Organization (ILO), will be presented as a paper this week at the World Economic Forum in Davos, Switzerland, according to the German newspaper Der Spiegel.
Almost all countries have unemployment still higher than pre-crisis 2008.
Australia and Germany are the countries that managed to improve their level of employment.
This work crisis affects mainly young people. ILO in its report points out that job loss is occurring among young people: 74.8 million unemployed are between 15 and 24 years, four million more than in 2007.
For ILO, the only way to gain a relative social peace worldwide, will be with the creation of 600 million of real productive jobs, and in accordance to that objective the United Nations U.N., has called for short-term stimulus programs funded through more debt.