Global jobless rate at record high: ILO

Updated on: Tuesday, January 25, 2011

With the world unemployment at a record 205 million for 2010, the International Labour Organisation warned that the global economic recovery was not translating into jobs.

The ILO stated, despite a sharp rebound in economic growth for many countries, official global unemployment stood at 205 million in 2010, essentially unchanged from 2009, and 27.6 million more than on the eve of the global economic crisis in 2007.

"The ILO projects a global unemployment rate of 6.1 percent, equivalent to 203.3 million unemployed, through 2011," it added.

Besides unemployed, some 1.53 billion people are trapped in "vulnerable employment" such as temporary jobs, the ILO said.

"The incidence of vulnerable employment has remained broadly unchanged since 2008, in sharp contrast to the steady and significant average decline in the years preceding the crisis."

Figures for youth unemployment also looked discouraging --78 million young people were jobless in 2010, up from the pre-crisis level of 73.5 million in 2007.

"Youth employment is a world priority," Somavia stressed.

"The weak recovery in decent work reinforces a persistent inability of the world economy to secure a future for all youth. This undermines families, social cohesion and the credibility of policies," he said.

Global jobless rate at record high: ILO

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