UN predicts more joblessness despite economic growth

Tuesday 22 January 2013 12.15
Number of unemployed people worldwide set to rise by 5.1 million in 2013
Number of unemployed people worldwide set to rise by 5.1 million in 2013

The UN labour agency has warned that the lingering effects of the global economic crisis means unemployment will continue to rise.

This is despite the fact that world economies are expected to pick up.

The International Labour Organisation said in a report released today that the net number of unemployed people rose by 4 million in 2012 to some 197 million overall.

It is expected to rise by 5.1 million in 2013, and by another 3 million in 2014.

"An uncertain economic outlook, and the inadequacy of policy to counter this, has weakened aggregate demand, holding back investment and hiring," commented ILO Director-General Guy Ryder.

The global unemployment rate during the crisis peaked at 6.21% in 2009 and was 5.93% in 2012. It is expected to reach 6.01% in 2013 and 2014.